FRANKFURT (Reuters) - The European Central Bank and the People's Bank of China have extended for a further three years a currency swap deal aimed at ensuring euro area banks do not run our of renminbi, the ECB said on Monday.
The arrangement will run through 8 October 2025, with its maximum size unchanged at 350 billion renminbi and 45 billion euros ($43.65 billion).
"From a Eurosystem perspective, the arrangement serves as a backstop facility to address potential sudden and temporary CNY liquidity shortages for euro area banks as a result of disruptions in the renminbi market," the ECB said.
($1 = 1.0309 euros)
(Reporting By Francesco Canepa; Editing by Balazs Koranyi)
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 0.917 EUR | -0.29% | -0.63% | - | ||
| 3.59 HKD | +2.57% | -5.53% | 177B | ||
| 7.254 CNY | +0.07% | -0.18% | - | ||
| 0.6218 EUR | -0.09% | -0.14% | - | ||
| 1.19 EUR | +0.16% | +0.71% | - | ||
| 0.011 EUR | +0.02% | -0.90% | - | ||
| 0.6728 EUR | +0.01% | -0.58% | - | ||
