The Central Bank and the Macau Monetary Authority signed a standing swap agreement and expanded the scale

The Zhitong Finance App learned that with the approval of the State Council, the People's Bank of China and the Macau Monetary Authority recently renewed the bilateral currency exchange agreement and upgraded it to a standing exchange arrangement. The agreement is valid for a long time. The scale of the exchange was expanded from the original 30 billion yuan/34 billion patacas to 50 billion yuan/57 billion patacas to further maintain financial stability between the two places, better support bilateral economic and trade exchanges, and promote the steady development of Macau's offshore RMB market.

This article was selected from the official website of the “People's Bank of China”, Zhitong Finance Editor: Feng Qiuyi.