People’s Bank of China to consider renewing swap arrangement with CBSL for another 3 years

People’s Bank of China to consider renewing swap arrangement with CBSL for another 3 years: report

People’s Bank of China (PBoC) has indicated that it will consider renewing its swap arrangement with the CBSL in 2024 for another three years if there is no significant situation change, the IMF Staff Report highlighted. However, the PBOC swap ($1.4bn in 2022) will become usable once Gross international reserves (GIR) rise above 3 months […]