, China

China, Iceland extend currency swap agreement

China extends currency swap deal with Iceland Deal worth US$569.1 million.

The People's Bank of China, the central bank, has extended a currency swap agreement with the Central Bank of Iceland aimed at strengthening bilateral financial cooperation, promoting trade between the two countries and maintaining financial stability. The deal has a three-year maturity and both sides may extend it if necessary. China and Iceland originally signed a three-year bilateral currency swap deal for the same amount in June 2010. China has signed bilateral currency swap agreements worth US$359 billion with 21 countries and regions worldwide.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth
Retail Banking
What's in store for payments in 2025?
In emerging markets, digital wallets are evolving into bank account substitutes.
NRIC numbers alone cannot initiate payments, fund transfers: ABS
ABS advised customers to change their login passwords if they are using their NRIC number.