, Malaysia

Malaysia, China renew currency swap agreement

Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.

 

In a joint statement, Bank Negara Malaysia and the People's Bank of China said the original agreement was established on Feb 8, 2009 with an initial total size of RM40 billion/RMB80 billion.

"This renewed currency swap agreement will further reinforce the financial cooperation between both economies and facilitate greater bilateral trade and investment," they added.

For the source of this story, click here.

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