时隔12年后中巴续签双边本币互换协议！跨境贸易人民币结算再迎重磅利好

Core Viewpoint - The renewal of the bilateral currency swap agreement between the People's Bank of China and the Central Bank of Brazil, with a scale of 190 billion RMB / 157 billion Brazilian Reais, aims to enhance the use of local currencies, facilitate bilateral trade and investment, and maintain financial market stability [1][2]. Group 1: Currency Swap Agreement - The bilateral currency swap agreement allows one country's central bank to exchange its currency for another country's currency, providing liquidity and stabilizing financial markets [1][2]. - The agreement is a manifestation of deepening economic and financial cooperation between countries, helping to mitigate exchange rate risks in trade and investment [1][2]. Group 2: Significance of the Agreement - The renewal of the agreement is significant as it strengthens trade relations between China and Brazil, with China being Brazil's largest trading partner for 15 consecutive years [2][3]. - The agreement supports the use of the Renminbi in Brazil and the Latin American region, promoting trade and investment activities [2][3]. Group 3: Broader Context - The currency swap agreement is part of a global financial safety net, particularly important in the context of recent geopolitical tensions, such as the U.S. implementing "reciprocal tariffs" [3]. - The People's Bank of China has signed currency swap agreements with 42 countries and regions, with a total effective agreement scale of approximately 4.5 trillion RMB [4].