swap it

Posted on Tumblr on Oct 8.

The central banks of China and Iceland have renewed a 2010 $550m three-year currency swap agreement (PBOC, Seðlabanki). That’s two orders of magnitude below similar deals with Australia, Brazil, South Korea or the UK, and about the worth of last month’s swap with Albania, a similarly sized economy. Last year, Iceland imported $354m worth of goods (CIF) from China (Statistics Iceland).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s