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Este blog trata basicamente de ideias, se possível inteligentes, para pessoas inteligentes. Ele também se ocupa de ideias aplicadas à política, em especial à política econômica. Ele constitui uma tentativa de manter um pensamento crítico e independente sobre livros, sobre questões culturais em geral, focando numa discussão bem informada sobre temas de relações internacionais e de política externa do Brasil. Para meus livros e ensaios ver o website: www.pralmeida.org. Para a maior parte de meus textos, ver minha página na plataforma Academia.edu, link: https://itamaraty.academia.edu/PauloRobertodeAlmeida.

Mostrando postagens com marcador Renminbi Liquidity Arrangement. Mostrar todas as postagens
Mostrando postagens com marcador Renminbi Liquidity Arrangement. Mostrar todas as postagens

segunda-feira, 27 de junho de 2022

Mais um passo na internacionalização do Renmimbi: Moeda de reserva no BIS

A China continua a avançar na internacionalização de sua moeda. Reparem que até o Banco Central do Chile participa desse arranjo.

25 June 2022
The Bank for International Settlements (BIS) announced today a Renminbi Liquidity Arrangement (RMBLA), which has been developed with the People's Bank of China (PBC), to provide liquidity to central banks through a new reserve pooling scheme.
 

BIS announces Renminbi Liquidity Arrangement

Press release  | 
25 June 2022
  • The Renminbi Liquidity Arrangement (RMBLA) will provide liquidity through a reserve pooling scheme to participating central banks from the Asia-Pacific region
  • The RMBLA is a strong addition to existing BIS liquidity facilities

The Bank for International Settlements (BIS) announced today a Renminbi Liquidity Arrangement (RMBLA), which has been developed with the People's Bank of China (PBC), to provide liquidity to central banks through a new reserve pooling scheme.

The RMBLA aims to provide liquidity support and can be utilised by participating central banks during future periods of market volatility.

Each participating central bank contributes a minimum of RMB 15 billion or US dollar equivalent, in RMB or USD, placed with the BIS, creating a reserve pool.

The arrangement initially includes a group of central banks in Asia and the Pacific, including Bank Indonesia, Central Bank of Malaysia, the Hong Kong Monetary Authority, the Monetary Authority of Singapore and the Central Bank of Chile, as well as the PBC.

The reserve pooling provides additional features as participating central banks would not only be able to draw down on their contributions, but would also gain access to additional funding through a collateralised liquidity window operated by the BIS up to an amount equivalent to the central bank's share of the collateralised liquidity window.

The BIS, as a bank for central banks, is well positioned to implement this arrangement, given its existing banking relationships with the central banks and a highly liquid and flexible balance sheet. The BIS has over time worked with major reserve currency-issuing central banks to assist in the implementation of part of the liquidity support packages provided by these central banks to their counterparts to protect against market stresses and to safeguard financial stability.