Jun 25, 2022 07:10 PM (GMT+8) · EqualOcean
On June 25, the people's Bank of China and the bank for International Settlements (BIS) signed an agreement to participate in the RMB liquidity arrangement (rmbla). The RMB liquidity arrangement is a financial institutional arrangement initiated and designed by the bank for international settlements. It aims to provide liquidity support to the central banks participating in the arrangement when the financial market fluctuates by building a reserve fund pool.