Brazil, China Central Banks Sign Currency Swap Deal

MT Newswires Live

2025/05/13

The People's Bank of China and Banco Central do Brasil (BCB) signed a currency swap agreement with a maximum outstanding value of 157 billion reais and a five-year validity.

The agreement will help provide liquidity to support financial markets when needed, the Brazilian central bank said Monday.

Brazil and China signed the deal in Beijing during BCB Governor Gabriel Galipolo's visit to the Chinese capital Tuesday, Reuters reported the same day.

Brazil is China's largest trading partner, according to Reuters.

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