China, UK extend deal on currency swap
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

China's central bank announced on Wednesday that it has extended an agreement on a reciprocal currency swap scheme with the Bank of England.

The maximum value of swap was expanded from 200 billion yuan (31 billion U.S. dollars) to 350 billion yuan, valid for three years and can be further extended when agreed, according to a statement by the People's Bank of China (PBOC).

The PBOC said the deal will provide more liquidity for RMB businesses in Britain, boost local yuan-denominated asset transactions and management, as well as facilitate trade and investment.

The two sides signed the previous agreement in June 2013.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan