Cur­rency swap with ECB ex­tended by three years

China Daily (USA) - - BUSINESS -

The Peo­ple’s Bank of China said on Tues­day it has ex­tended a bi­lat­eral cur­rency swap agree­ment with the Euro­pean Cen­tral Bank worth 350 bil­lion yuan ($52.5 bil­lion). The Chi­nese cen­tral bank an­nounced the three-year ex­ten­sion in a state­ment on its web­site.

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