The People's Bank of China announced, with State Council approval, that it has renewed its bilateral local currency swap agreement with the National Bank of Serbia, increasing the size from CNY 1.5 billion or RSD 27 billion to CNY 5 billion or RSD 74 billion for a five-year term that may be extended by mutual consent, to deepen monetary and financial cooperation, facilitate bilateral trade and investment, and help maintain financial market stability.
Central Bank of the Republic of China2026-05-28
People's Bank of China renews National Bank of Serbia local currency swap line and raises size to CNY 5 billion
The People's Bank of China, with State Council approval, renewed and expanded its bilateral local currency swap agreement with the National Bank of Serbia from CNY 1.5 billion or RSD 27 billion to CNY 5 billion or RSD 74 billion. The five-year arrangement, extendable by mutual consent, aims to deepen monetary and financial cooperation, support bilateral trade and investment, and help maintain financial market stability.