The People's Bank of China and Bank Negara Malaysia renewed their bilateral local currency swap agreement for five years and increased it from CNY 180 billion and MYR 110 billion to CNY 220 billion and MYR 130 billion, with extensions permitted by mutual agreement, to support local currency use, bilateral trade and investment, and financial market stability.
Central Bank of the Republic of China2026-08-07
People's Bank of China and Bank Negara Malaysia renew and expand bilateral currency swap to CNY 220 billion and MYR 130 billion
The People's Bank of China and Bank Negara Malaysia renewed their five-year bilateral currency swap and expanded it to CNY 220 billion and MYR 130 billion, with extensions possible by mutual agreement.