Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 14 (Xinhua) — The central banks of China and Brazil signed a memorandum of understanding (MOU) on strategic cooperation in the financial field on Tuesday, the People’s Bank of China (PBOC) said.
The PBOC said the signing of the MOU is intended to deepen cooperation between China and Brazil in areas such as improving the investment environment in the financial market, enhancing financial technical exchange, promoting financial infrastructure connectivity, etc.
On the same day, the PBOC and the Central Bank of Brazil also extended the term of their bilateral currency swap agreement, worth a total of 190 billion yuan (about $26.39 billion), or 157 billion Brazilian reals. The agreement is for five years and can be extended by mutual agreement. -0-