China's central bank renews currency swap deals with European counterparts

NAMPA / Xinhua

2025-09-09

BEIJING, Sept. 9 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, has renewed bilateral currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB), and the National Bank of Hungary (MNB), respectively. The size of the PBOC-ECB swap is 350 billion yuan (nearly 50 billion U.S. dollars), or 45 billion euros, and is valid for three years, according to a PBOC statement. The deal with the SNB is......

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