May 11, 2016 / 11:02 AM / in 2 years

China c.bank signs currency swap agreement with Morocco

BEIJING, May 11 (Reuters) - China’s central bank said on Wednesday it has signed a local currency swap agreement with its Morocco counterpart worth 10 billion yuan ($1.54 billion).

The three-year deal can be renewed based on mutual agreement, the People’s Bank of China said in a statement on its website. ($1 = 6.5050 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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