B · Normal
[The central banks of China and South Africa (Africa) renew the bilateral local currency swap agreement] On October 30, with the approval of the State Council, the People's Bank of China and the South African Reserve Bank recently renewed the bilateral local currency swap agreement. The swap scale is 30 billion yuan/74 billion South African rand, and the agreement is valid for five years. The two sides have once again renewed the bilateral local currency swap agreement, which will help further deepen the monetary and financial cooperation between the two countries, promote bilateral trade and investment facilitation, and maintain financial market stability.
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