Bilateral Currency Swap Arrangement Agreement with the People's Bank of China (By BNM)

(See: http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2400&utm_source=twitterfeed&utm_medium=twitter) The People's Bank of China and Bank Negara Malaysia renewed its currency swap agreement today for a further term of three years, with its size increased to RMB180 billion / MYR90 billion. The original agreement was established on 8 February 2009 with an initial total size of RMB80 billion / MYR40 billion. This renewed currency swap agreement will further reinforce the financial cooperation between both economies and facilitate greater bilateral trade and investment.