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2025-11-03 14:02:27
[People's Bank of China and Bank of Korea Renew Bilateral Currency Swap Agreement] With the approval of the State Council, the People's Bank of China and the Bank of Korea recently renewed their bilateral currency swap agreement. The swap size is 400 billion yuan/70 trillion won, and the agreement is valid for five years, with the possibility of extension by mutual agreement. The renewal of the bilateral currency swap agreement will help further deepen monetary and financial cooperation between the two countries, facilitate bilateral trade, and maintain financial market stability. (People's Bank of China)
