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Brief
On 17/03/2025, the Reserve Bank of Australia issued an update regarding Renewal of Bilateral Local Currency Swap Agreement with Bank of Japan. The agreement renewal ensures continued financial stability for both countries by allowing for the exchange of local currencies between the central banks up to A$20 billion or JPY 1.6 trillion, maintaining a long-standing three-year agreement initially signed in 2016. This arrangement supports economic cooperation and stability between Australia and Japan.
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