Japan and Philippines renew swap agreement
China also renews 15 billion yuan currency swap line with Nigeria
The Bank of Japan, acting on behalf of the country’s finance ministry, and the Central Bank of the Philippines (BSP) renewed their bilateral swap arrangement on January 1.
The arrangement allows both central banks to swap their local currencies for dollars. It also allows the BSP to swap pesos for yen.
The size of the arrangement remains unchanged at up to $12 billion or its equivalent in yen for the Philippines, and $500 million for Japan.
In a joint statement issued on January 6, the central
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Currency
Accounting for banknotes
Three leading experts on central bank finances debate the appropriate treatment of currency
Bank of Portugal warns against fake news of ‘Ronaldo coin’
Central bank denies speculation about commemorative coin featuring famous footballer
Bulgaria ‘ready for euro’ in January – central bank governor
Radev says decision to join currency is now in hands of politicians
Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks
Philippines launches new interest rate swap market
Central bank says platform could boost trading and liquidity in domestic bonds
Currency Benchmarks 2024 – executive summary
Data sheds light on banknote design features, access to cash policies and cash cycle management
Central bankers share lessons on FX interventions
Officials highlight benefits of transparent operations, clear frameworks at Autumn Meetings
Currency Benchmarks 2024 report – securing cash payments
As transactional cash use falls, many central banks are adopting policies to safeguard cash access