Regulatory Alerts2026-08-19
Added
Renewal of Bilateral Local Currency Swap Agreement With the People's Bank of China
The Reserve Bank of Australia and the People’s Bank of China have renewed their Bilateral Local Currency Swap Agreement for a further five years. The agreement allows either party to activate the exchange of local currencies up to A$46 billion or CNY 220 billion. This renewal follows the initial agreement signed in 2012 and subsequent regular renewals.
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