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Image: AdobeStock/Ascannio 27 June 2022 APAC Reporter Bob Currie Share this article BIS establishes Renminbi Liquidity Arrangement with People’s Bank of China The Bank for International Settlements (BIS) has established a liquidity arrangement with the People’s Bank of China to provide liquidity to central banks in the Asia-Pacific region. This new Renminbi Liquidity Arrangement (RMBLA) will provide liquidity support through a reserve pooling scheme, whereby participating central banks will contribute a minimum of RMB 15 billion, or its USD equivalent, to a pool held with the BIS. Participating central banks can draw funds from this pool during periods of market...
