BELARUS NEWS AND ANALYSIS

DATE:

08/01/2008

Belarus, China to discuss cooperation between central banks

MINSK. January 8. KAZINFORM. Zhou Xiaochuan, Director of the People's Bank of China (PBC), begins a two-day visit to the capital of Belarus on Tuesday. He is to discuss matters aimed at deepening cooperation between the central banks of Belarus and the People's Republic of China (PRC).

Zhou is scheduled to meet with Pyotr Prokopovich, Chairman of the Board of the National Bank of Belarus (NBB), and visit the central repository of the NBB.

An official in the NBB information department has pointed out that the intensively developing trade-and-economic contacts between Belarus and the PRC furnished a solid foundation for all-round dynamic development of relations between the banking systems of the two countries. The NBB and the PBC concluded an agreement on cooperation, and signed a memorandum of understanding about the training of personnel, Kazinform quotes Itar-Tass.

Another memorandum of understanding has also been signed between the NBB and China's commission for the regulation of banking activities. A representative office of the leading bank of Belarus -- the ASB Belarusbank -- has opened in the PRC.

Besides, several months ago, the NBB Board decided to include assets denominated in Chinese yuan in the country's gold-and-currency reserves.

This was done with a view to optimizing settlements between the economic entities of the two countries.

Source:

http://www.inform.kz/showarticle.php?lang=eng&id=159008