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Memorandum of Understanding with the People’s Bank of China

bcra

Today, the President of the BCRA, Miguel Pesce, signed a Memorandum of Understanding with the People’s Bank of China to strengthen cooperation in areas of common interest.

The Memorandum is signed remotely within the framework of the social lockdown measures adopted by both countries. It becomes effective upon the signature of the President of the People’s Bank of China, Yi Gang.

The International Department of the People’s Bank of China and the International Relations and Agreements Senior Management Office of the BCRA will be in charge of the implementation.

The agreement promotes annual meetings of experts and other activities related to the exchange of knowledge and experience on economic outlook, international commodity prices, and global currency trends (focusing on the internationalization of the RMB)

It will also serve to exchange information on monetary policy, payment systems development and financial infrastructure, financial system development, foreign exchange regulations on international settlements, among other regulations, and other activities falling within the central banks' competence.

21 July, 2021.

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