China signs 15 bln yuan currency swap agreement with Nigeria

ScratchDhat - Advertisment

BEIJING (Reuters) – China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion).

The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and investment, and safeguard stability of financial markets of both countries.

($1 = 6.3556 Chinese yuan renminbi)

Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam

ScratchDhat - Advertisment

Leave a Reply

Notify of