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].

5月13日，中国人民银行与巴西中央银行签署了《中国人民银行与巴西中央银行人民币/雷亚尔双边本币互换协 议》。中巴双边本币互换续签规模为1900亿元人民币/1570亿巴西雷亚尔，协议有效期五年，经双方同意可以展 期。 什么是央行间双边本币互换？ 央行间双边本币互换是一种融资安排，一国央行可以用自己的货币置换另一国货币，以此获得对方货币流动性，一 般用于维护金融市场稳定等目的，到期后再相应换回。 中巴双边本币互换协议有什么作用？ 2008年全球金融危机后，中国人民银行与境外央行或货币当局陆续签署双边本币互换协议。多年来，双边本币互换 在维护全球金融稳定、提供流动性支持、支持双边贸易和投资等多方面发挥着积极作用。 截至2025年一季度末， 中国人民银行累计与42个国家和地区的中央银行或货币当局签署过双边本币互换协议， 目前 有效协议共32份，基本覆盖了全球六大洲重点地区的主要经济体，互换协议总规模合计4.3万亿元人民币。 来源：央视新闻 责编：王璐璐 校对：李凌锋 百万用户都在看 巴基斯坦， 重大突发！ 刚刚！普京，重大宣布！ 华尔街大举出手，什么信号？ 集体大涨！两大利好，重磅来袭！ 美国六大州，突然出手！贝森特 ...

Core Points - The signing of the bilateral currency swap agreement between the People's Bank of China and the Central Bank of Brazil aims to enhance financial cooperation and stability between the two nations [1][2] - The agreement, with a scale of 190 billion RMB/157 billion Brazilian Reais, is set for five years and can be extended, promoting the use of local currencies in trade and investment [1][2] - This agreement is part of a broader strategy to strengthen financial ties and is seen as a response to recent geopolitical tensions, particularly regarding U.S. tariffs [1][2] Group 1 - The bilateral currency swap agreement is a significant component of the global financial safety net, especially in light of recent U.S. tariff policies [1] - The People's Bank of China has signed similar agreements with 32 countries, totaling approximately 4.5 trillion RMB, indicating a strong commitment to global financial stability [2] - The renewal of the agreement reflects the deepening economic relationship between China and Brazil, with China being Brazil's largest trading partner for 15 consecutive years [2] Group 2 - The People's Bank of China plans to support Brazil in utilizing the swap arrangement effectively and will enhance policies for cross-border RMB usage [3] - A memorandum on anti-money laundering and counter-terrorism financing cooperation has also been signed, indicating a commitment to combat financial crimes [3] - Future cooperation is expected to extend to financial market development and international monetary policy coordination between the two countries [3]