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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.
Source: Central Bank of Malaysia
