With State Council approval, the People's Bank of China and the Reserve Bank of New Zealand renewed their bilateral local currency swap agreement, setting a swap size of CNY 25 billion for a five-year term that can be extended by mutual consent, to deepen monetary and financial cooperation and support bilateral trade, investment and financial market stability.
Central Bank of the Republic of China 2025-08-28
People's Bank of China and the Reserve Bank of New Zealand renew CNY 25 billion bilateral local currency swap agreement for five years
The People's Bank of China and the Reserve Bank of New Zealand have renewed their bilateral local currency swap agreement, with a swap size of CNY 25 billion for a five-year term. This renewal, approved by the State Council, aims to enhance monetary and financial cooperation and support bilateral trade, investment, and financial market stability.