The People's Bank of China and the Bank of Korea have renewed their bilateral currency swap agreement
2025-11-03 06:01:46
On November 3, with the approval of the State Council, the People's Bank of China and the Bank of Korea recently renewed the bilateral local currency swap agreement. The swap scale is 400 billion yuan/70 trillion Korean won. The agreement has a valid period of five years and can be extended by mutual consent. The two sides renewed the bilateral local currency swap agreement again, which will help to further deepen the monetary and financial cooperation between the two countries, promote bilateral trade facilitation, and maintain financial marekt stability.
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