No financial institution in China has suffered losses during the financial crisis through the adoption of effective measures. This was stated by the Head of People”s Bank of China Zhou Xiaochuan at a meeting with the Head of the National Bank of Tajikistan Jamshed Nurmahmadzoda at the end of the last week in Dushanbe.
As reports the press service of the National Bank of Tajikistan, the Chairman of the People”s Bank of China said that various sectors of China”s economy were not affected by the financial crisis.
He stressed that during the last year the yuan in the financial market has strengthened its position as “the financial market of the country is under constant review”.
Zhou Xiaochuan said that the People”s Bank of China has high hopes for cooperation with the National Bank of Tajikistan, credit institutions and financial institutions in Tajikistan.
In Tajik regulator believe that a two-day visit of the Head of the central bank of China “demonstrates once again the friendly relations of the neighboring country, whose economy is the second largest in the world”.
Recall that in the framework of the visit the Head of the People”s Bank of China in Tajikistan between central banks of two countries was signed an agreement on the mutual exchange of currencies at a fixed rate (SWAP).
This document envisages a gradual (over three years) provision of sum of money in amount of more than 3.1 billion yuan (about $ 500 million) by the People”s Bank of China”s to the National Bank of Tajikistan.
