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From the following three pieces of news, we can draw the following conclusion: the currency swap agreements signed between my country and more than 40 countries including Saudi Arabia, Japan, Argentina, the United Kingdom, Singapore, etc. not only have a very low activation rate, but are currently in the "peak period for them to repay the money."

The first piece of news was mentioned by the People's Bank of China in the monetary implementation report for the first half of 2024. The gist of it is: As of June this year, the balance of RMB used by overseas monetary authorities was 104.5 billion yuan, and the balance of foreign currency used by my country increased slightly to 481 million US dollars.

As of the end of 2023, the balance of RMB used by overseas monetary authorities was 114.886 billion yuan, and the balance of foreign currency used by my country was 246 million US dollars - this is the second news. Compared with 104.5 billion yuan in the first half of this year, the balance of RMB used by overseas authorities decreased by 10.386 billion yuan.

Let’s look at the third piece of news. The date is as of the first half of 2023. The balance of RMB mobilized by overseas monetary authorities is 115.08 billion yuan.

In the first half of this year, the balance of RMB used by foreign monetary authorities was 104.5 billion yuan. In just one year, the balance of RMB used by foreign monetary authorities decreased by 10.58 billion yuan. The decrease of 10.58 billion yuan may not seem like much, but compared with the base of 104.5 billion yuan, it is equivalent toReduced by 10%about.