Common Contracts
1 similar Currency Swap Agreement contracts
NIGERIA-CHINA CURRENCY SWAP AGREEMENT – A GOOD DEAL FOR NIGERIA?Currency Swap Agreement • June 27th, 2018
The Central Bank of Nigeria (“CBN”), on June 6, 2018, issued the Regulations for Transactions with Authorized Dealers in Renminbi (“Regulations”). The Regulations provide the framework for implementing the Bilateral Currency Swap Agreement (“Currency Swap Agreement/ the Agreement”) which was concluded on April 27, 2018, at a ceremony in Beijing, China, between the Federal Republic of Nigeria (“Nigeria”) and the People’s Republic of China (“China”). The CBN and the People’s Bank of China (“PBoC”) executed the Currency Swap Agreement on behalf of their respective countries.
