China, Iceland renew currency swap agreement

20.10.2025

The People's Bank of China (PBOC), the country's central bank, has renewed a bilateral currency swap agreement with the Central Bank of Iceland.

The agreement is worth 3.5 billion yuan (about $493.18 million), or 70 billion Icelandic krona, the PBOC said in a statement.

The agreement is valid for five years, according...