Global Trade Alert
Global Trade Alert

China: Establishment of currency swaps

Announcement

02 Apr 2009

In April 2009, the government of China announced a change in its trade finance instruments.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

02 Apr 2009

Revocation date:

No revocation date

Trade finance In force

China established currency swaps (Y 650 billion (US$95.2 billion)), to facilitate trade with: Argentina, Belarus, Hong Kong China, Indonesia, South Korea, and Malaysia. A currency swap is a foreign-e...

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