The Central People's Government of the People's Republic of China
The Central People's Government of the People's Republic of China
10/16/2025 | Press release | Distributed by Public on 10/16/2025 05:48
China, Iceland renew currency swap agreement
BEIJING, Oct. 16 -- 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 U.S. dollars), or 70 billion Icelandic krona, the PBOC said in a statement.
The agreement is valid for five years, according to the statement.
The arrangement will strengthen financial cooperation between China and Iceland, facilitate bilateral trade and investment, and safeguard financial market stability, the statement added.
The Central People's Government of the People's Republic of China published this content on October 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 16, 2025 at 11:48 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]