The Reserve Bank of Australia and the Bank of Japan have renewed their Bilateral Local Currency Swap Agreement for a further three years, maintaining a bilateral framework intended to support financial stability in both countries. The renewed arrangement continues to allow the two central banks to exchange local currencies up to A$20 billion or JPY 1.6 trillion. The swap line was first signed in 2016 and has been renewed on a three-year cycle since then.
Reserve Bank of Australia 2025-03-17
Reserve Bank of Australia renews bilateral local currency swap agreement with the Bank of Japan for three years
The Reserve Bank of Australia and the Bank of Japan have renewed their Bilateral Local Currency Swap Agreement for three more years, allowing currency exchanges up to AUD 20 billion or JPY 1.6 trillion to support financial stability.