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PBOC participates in BIS Renminbi Liquidity Arrangement

BEIJING, June 25 (Xinhua) — China’s central bank on Saturday signed an agreement with the Bank for International Settlements (BIS) to establish a Renminbi Liquidity Arrangement.

The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, according to the People’s Bank of China (PBOC).

The establishment of the arr