
Thailand, China renew bilateral currency swap agreement
It aims to support trade and investment between the two countries.
The Bank of Thailand and the People’s Bank of China have officially renewed the Chinese Yuan–Thai Baht bilateral currency swap arrangement (BSA), effective 22 December 2025, for a period of five years.
The arrangement is designed to support trade and investment between the two nations, whilst strengthening bilateral financial cooperation.
Officials noted that the renewed BSA is also expected to boost confidence amongst private sector entities in using local currencies for cross-border transactions.