China renews currency swap agreement with ROK

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

The value of the swap is 400 billion yuan (about 56.44 billion U.S. dollars), or 70 trillion Korean won, the PBOC said in a statement on Monday.

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China renews currency swap agreement with ROK

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China renews currency swap agreement with ROK

The agreement is valid for five years and can be renewed upon mutual consent, per the statement.

The renewal of the currency swap agreement will further deepen bilateral monetary and financial cooperation, facilitate trade between the two countries, and support the stability of financial markets, according to the statement.

The death toll in the war-ravaged Gaza Strip has risen to 71,441 since the conflict between Hamas and Israel erupted on Oct 7, 2023, with the number of injuries reaching 171,329, said Gaza's health authorities on Thursday.

In the past 24 hours, hospitals in Gaza received two bodies, according to the health authorities.

Since the ceasefire agreement took effect on Oct 11, 2025, Israeli attacks have killed 451 people and wounded 1,251 others in the Gaza Strip.