人民银行与海外央行签署互换协议总规模已达4.5万亿元

Core Viewpoint - The People's Bank of China (PBOC) has renewed a bilateral currency swap agreement with the Central Bank of Turkey, with a swap scale of 350 billion RMB / 189 billion Turkish Lira, effective for three years, which can be extended by mutual agreement. This arrangement signifies a new level of financial cooperation between China and Turkey, facilitating cross-border settlements in local currencies and promoting bilateral trade and investment [1]. Group 1 - The renewed agreement aims to enhance the use of local currencies for cross-border transactions between Chinese and Turkish enterprises and financial institutions [1]. - The PBOC has signed bilateral currency swap agreements with 32 countries and regions, with a total swap scale of approximately 4.5 trillion RMB [1]. - The establishment of a RMB clearing arrangement in Turkey is part of the cooperation memorandum signed alongside the currency swap agreement [1].