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Economy

The People's Bank of China and the European Central Bank renew the bilateral local currency swap agreement

2022-10-11   

Recently, the People's Bank of China and the European Central Bank renewed the bilateral local currency swap agreement, with the swap scale unchanged at 350 billion yuan/45 billion euros, and the agreement is valid for three years. The People's Bank of China said that the renewal of the China EU local currency swap agreement will help further deepen bilateral financial cooperation, facilitate bilateral trade and investment, and maintain the stability of the financial market. (Liu Xinshe)

Edit:Yi Bing Responsible editor:Wei Li Bin

Source:people.com.cn

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