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11/23/2021 | Press release | Distributed by Public on 11/22/2021 22:02

Renewal of Bilateral Currency Swap Arrangement Agreement between Bank Negara Malaysia and the People's Bank of China

Renewal of Bilateral Currency Swap Arrangement Agreement between Bank Negara Malaysia and the People's Bank of China

Embargo : For immediate release Not for publication or broadcast before 1200 on Tuesday, 23 November 2021
23 Nov 2021

Bank Negara Malaysia and the People's Bank of China have renewed the bilateral currency swap arrangement for a term of five years, with the size maintained at CNY180 billion / RM110 billion. The first agreement was established in 2009.

"This renewal reinforces the ongoing cooperation by both central banks. The swap arrangement supports settlement of regional trade and investment in local currency, as well as promotes regional financial stability," said Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus.

Bank Negara Malaysia
23 Nov 2021

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