NBU: Ukraine and China began the implementation of the swap line to $2, 4 billion
The national Bank of Ukraine has started practical implementation of the swap line with China at 2, $ 4 billion, according to the press service of the national Bank of Ukraine.
" Ukraine And the people's Republic of China came to an agreement on the strengthening of trade contacts at the highest level, for example, about the start of the implementation of the first signed agreement on the swap lines between the currencies of two countries in the amount of fifteen billion Chinese yuan (approximately 2, 44 billion dollars), according to the report.
" This will help stabilize the situation in the economy And reduce demand importers for foreign currency. And for this reason, when stabilization And support of our donors And partners, we expect the strengthening of the hryvnia in the medium term ", - said the head of the NBU Valeria Gontareva.
the head of Ukraine Petro Poroshenko And the Prime Minister of China Li Keqiang on Wednesday during a meeting in Davos agreed to start implementing the first signed agreement on swap transactions with currencies of the pair of countries in the amount of fifteen billion Chinese yuan (2, 44 billion).
The swap line agreement between the 2 Central banks of different countries on the mutual exchange of currencies at fixed rates.