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Central banks of China and Brazil pledge deeper financial ties

PBoC and BCB commit to bilateral currency swaps and “financial strategic co-operation”

Flags of Brazil and China

The People’s Bank of China announced today (July 8) that its governor and his Brazilian counterpart had committed to enhancing financial co-operation between the two countries during a meeting on July 5 at the 17th Brics summit.

The PBoC said in a press release that Pan Gongsheng and Central Bank of Brazil (BCB) governor Gabriel Galípolo had reaffirmed their commitment to progressing currency swap and financial co-operation agreements signed in May. The governors said there had been “positive

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