Core Viewpoint - The People's Bank of China (PBOC) and the Bank of Canada have renewed their bilateral currency swap agreement, with a scale of 200 billion RMB, effective for five years, which can be extended by mutual consent [1][3]. Group 1: Agreement Details - The renewed bilateral currency swap agreement aims to enhance financial cooperation between China and Canada, expand the use of local currencies, facilitate bilateral trade and investment, and maintain financial stability [3]. - The agreement allows either central bank to exchange a specified amount of their currency for an equivalent amount of the other currency under certain conditions, which can be used for trade settlement or to provide short-term liquidity support to financial markets [3]. Group 2: Historical Context and Future Plans - Since the 2008 global financial crisis, the PBOC has signed various bilateral currency swap agreements with foreign central banks, which have played a positive role in maintaining global financial stability and supporting trade and investment [3]. - As of October 2025, the PBOC has signed 32 effective swap agreements with central banks from major economies across six continents, totaling approximately 4.5 trillion RMB, with plans to further expand currency swap cooperation, particularly with countries closely linked to China's trade [4].
人民币,大消息!刚刚宣布
Zhong Guo Ji Jin Bao·2026-01-16 11:29