China extends currency swaps with European Central Bank
Euro and Yuan banknotes are seen in this picture illustration taken May 8, 2017. Picture taken May 8, 2017. REUTERS/Dado Ruvic/Illustration
China's central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank's website on Monday.
The swaps extension will help deepen bilateral cooperation and safeguard financial market stabilization, the Chinese central bank said.
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