Chilean central bank speaking with U.S., Chinese counterparts to broaden forex lines
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, 2020-06-04 at 02:52 PM (640 Views)
By Fabian Cambero
SANTIAGO (Reuters) - Chile's central bank said on Wednesday it was speaking to its U.S. and Chinese counterparts to increase flexibility in foreign exchange operations as the coronavirus pandemic ravages the nationīs once-stable economy.
The bank said it had asked the New York Federal Reserve to register for overnight repo operations to facilitate credit swaps, announced in March to help foreign central banks during the crisis to exchange their holdings of U.S. Treasury securities for overnight dollar loans.