Brazil central bank to sign currency swap deal with China's PBOC

BY Reuters | ECONOMIC | 05/12/25 05:41 PM EDT

BRASILIA, May 12 (Reuters) - Brazil's central bank will sign a currency swap agreement with the People's Bank of China, it said in a statement on Monday, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term.

The agreement, to be signed on Tuesday in Beijing as part of Brazilian central bank governor Gabriel Galipolo's visit to China, aims to provide liquidity to support the functioning of financial markets in times of stress, the bank said. ($1 = 5.6699 reais) (Reporting by Marcela Ayres and Andre Romani; Editing by Gabriel Araujo)

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