PRESS RELEASE
Bank of Albania meets with the banking sector to introduce and discuss the bilateral SWAP agreement on national currency exchange between the Bank of Albania and the People’s Bank of China

On 2 April 2014, the Bank of Albania organised a meeting with banking sector executives to introduce the bilateral SWAP agreement on national currency exchange, entered into between the Bank of Albania and the People's Bank of China.

This agreement was signed on 12 September 2013, by the Governor of the Bank of Albania, Mr. Ardian Fullani and the Governor of the People's Bank of China, Mr. Zhou Xiaochuan, for the maximum amount of 2 billion Yuan or 35.8 billion Albanian lek. The agreement is valid for an initial period of three years, and may be extended upon consent by both parties.

For the full speech by Governor Fullani in this meeting, click here: http://www.bankofalbania.org/web/PRESS_RELEASE_7043_2.php?kc=0,26,0,0,0