The People’s Bank of China (PBC) and the BCRA have renewed today their bilateral agreement on currency swap for a three-year term. The first agreement between both central banks was entered into in 2009. The second agreement was entered into in 2014, and supplemented with an additional agreement by the end of 2015.
This new agreement will continue to cement the relationship between both central banks and strengthen financial conditions in order to support economic and business development.
