Brazil, China Central Banks Sign Currency Swap Deal
MT Newswires Live
May 13, 2025
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.