Sunday, May 12, 2019

Singapore, China renew bilateral currency swap agreement
Read more at https://www.channelnewsasia.com/news/business/singapore-china-currency-swap-agreement-mas-dollar-yuan-11527336

13 May 2019 10:21AM (Updated: 13 May 2019 10:32AM)

Lam Chian Leong
(1) Our bilateral currency swap with China - will help to boost trade and investment both ways - as it will help to hedge against currency fluctuation.

(2) It enhance the certainty of cash flow.

(3) It also reduce the needs to use US dollar as medium for international trade --- that can dent profit due to fluctuating currency exchange rate with a 3rd medium of exchange.


(4) Bilateral currency swap usually take place - when both Countries are confident in each other Economies - where more trade and investment will take place between the 2 Countries.
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用李
¥ 300B is not much.
S$300B is a big news.
Already S$45B was transfer to GIC to use.
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