UPDATE 1-China and Chile sign currency swap agreement to help trade

May 25, 2015 3:39 PM

57 0

SANTIAGO May 25 (Reuters) - Chile's central bank has entered into a three-year currency swap with the People's Bank of China to boost trade links, and the two are also clearing a path for the use of the Chinese yuan in the South American country, the two banks said on Monday.

The swap agreement will facilitate the exchange of a maximum of 2.2 trillion pesos ($3.6 billion) for three years, Chile's central bank said in a statement.

Also read: Asian stocks fall in muted trading amid trade uncertainty

Read more

To category page