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Ukraine to open US$2.4 milliard swap line with China
26.01.2015 10:36 "Agro Perspectiva" (Kyiv) —
Ukraine and the People’s Republic of China have agreed to strengthen trade relations at the highest level, including realization of previously signed agreements on a swap line between two countries’ currencies totaling 15 milliard Chinese renminbi (about US$2.44 milliard), NRCU says referring to Valeriya Gontareva, the Governor of the National Bank of Ukraine, report at the World Economic Forum in Davos, Switzerland.
«National Bank of Ukraine starts practical implementation of a swap line with China worth about US$2.4 milliard which could be used to finance trade contracts and help stabilize Ukraine’s economy by reducing importers’ demand for foreign currency. We expect appreciation of Ukraine’s currency in the medium term along with stabilization of the situation and support of our donors and international partners,» she said.
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