foreign monetary authorities in close cooperation

2014 year in May 30th, the people's Bank of China and South Korea China use currency swap agreement under 400000000 won (about 2400000 Yuan) funds to support enterprises to trade finance, this is the people's Bank of China first use of other currencies in bilateral currency swap agreement. Specific approach is the people's Bank of Chinese won money to lend to commercial banks, by the commercial banks to issue loans for trade financing of enterprises, enterprises to pay for imports from Korea trade of goods and services.

China South Korea economic and trade exchanges, bilateral trade in 2013 amounted to $274200000000. The two countries signed the monetary authorities since the South Korean Central Bank swap agreement, many use the RMB funds, the people's Bank of China first use won funds to further improve the bilateral currency swap agreements under the cooperation level. The monetary authorities to currency Cheap Patriots Jerseys swap funds through commercial Cheap Raiders Jerseys banks to provide trade financing support for the enterprises of the two countries, to strengthen financial cooperation between Cheap Vikings Jerseys the two sides, reduce the enterprise financing and exchange cost, promote the development of bilateral trade.

2009 years, the people's Bank of China successively with 23 foreign monetary authorities, signed a total of more than 2.5 trillion yuan bilateral currency swap agreements. Different from developed economies to cope with crisis signed currency swap agreement, the people's Bank of Chinese with foreign monetary authorities signed currency swap agreements to include not only maintain regional financial stability, but also includes the promotion of bilateral trade and investment. The people's Cheap Bengals Jerseys Bank of China future will include the Bank of Korea, foreign monetary authorities in close cooperation, positive role to further play the currency swap agreement, expand the use of the currency in trade Cheap Chargers Jerseys and investment, promote bilateral trade and investment.

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