China and Iceland extend currency swap deal

Want China Times, Xinhua 2013-10-01

Renminbi coins and banknote. (Photo/CFP)

China's central bank said on Monday that it has extended a currency swap agreement worth 3.5 billion yuan (US$570 million) with Iceland's central bank.

The swap is aimed at strengthening bilateral financial cooperation, promoting trade between the two countries and maintaining financial stability, the People's Bank of China said in a statement on its website.

The deal has a three-year maturity and the two sides may extend it if necessary, it said. The two sides had originally signed a three-year bilateral currency swap deal for the same amount in June 2010.

China has signed bilateral currency swap agreements worth 2.2 trillion yuan (US$360 billion) with 21 countries and regions worldwide.

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"The U in Kundalini"- Oct 18, 2012 (Kryon channeled by Lee Carroll) - (Subjects: Kundalini, Unification, EU, Nobel Peace Prize 2012, Middle East, South America, Only 5 Currencies on Earth, Old Souls, Duality will dismiss, 3D Humanity will melt with Multi dimensional higher self, Global Unity… etc.)