China, Singapore Renew Bilateral Currency Swap Arrangement
The People's Bank of China
Singapore - QNA
The People's Bank of China (PBOC) and the Monetary Authority of Singapore (MAS) on Tuesday announced the renewal of the existing bilateral currency swap arrangement (BCSA) for a further term of three years.
The original arrangement was established in 2010 and first renewed in 2013. The new arrangement is effective as of March 7, 2016, according to China's (Xinhua) News Agency.
The BCSA is a key pillar of cooperation between PBOC and MAS to strengthen regional economic resilience and financial stability.
It aims to enhance banks' confidence in carrying out their business in the two markets, and enables both central banks to provide foreign currency liquidity to stabilise financial markets, MAS said in a statement.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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