OREANDA-NEWS. July 03, 2012. Authorized by the State Council, the People’s Bank of China signed a bilateral local currency swap agreement with the National Bank of the Ukraine in Beijing for the purpose of promoting bilateral financial cooperation, facilitating bilateral trade and investment, and maintaining regional financial stability, reported the press-centre of PBC.

The amount of the agreement is 15 billion yuan or 19 billion hryvnia.

The effective period of the arrangement will be 3 years, and can be extended by mutual consent.