May 24, 2018 / 8:11 AM / a month ago

China extends 20 bln yuan currency swap agreement with Pakistan for 3 years

BEIJING, May 24 (Reuters) - China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Pakistan worth 20 billion yuan ($3.13 billion).

The People’s Bank of China (PBOC) said on its website the swap deal woudl help bilateral trade and investment.

$1 = 6.3865 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Nick Macfie

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