The Bank of Korea and the People’s Bank of China renewed their bilateral Korean won–Chinese yuan currency swap arrangement, effective for five years from 1 November 2025 to 31 October 2030, with any extension subject to agreement between the two central banks.
Bank of Korea 2025-11-03
Bank of Korea and the People’s Bank of China renew KRW-CNY bilateral currency swap for five years to October 2030
The Bank of Korea and the People’s Bank of China have renewed their bilateral Korean won–Chinese yuan currency swap arrangement for five years, effective from 1 November 2025 to 31 October 2030. Any extension will require mutual agreement between the two central banks.