Chile and China expand bilateral swap line


The Central Bank of Chile and the People’s Bank of China agreed to more than double the funds available in their bilateral renminbi/peso swap line.  

The expanded agreement increases the line to 50 billion yuan (€7.1 billion), up from 22 billion yuan, the Chilean central bank announced on July 24. The agreement is currently set to expire in 2021. The two central banks originally agreed a three-year swap line in 2015 and agreed to extend it for three years in 2018.   

The Central Bank of Chile

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