(Reuters) - China's central bank said on Monday it has signed a bilateral currency swap agreement worth 150 billion yuan ($24.17 billion) with the Swiss central bank.
The three-year swap will "provide liquidity support for bilateral economic and trade exchanges and help maintain financial stability," the People's Bank of China said in a statement on its website, www.pbc.cn.
The swap deal will provide liquidity support for the further development of the onshoreyuan market in Switzerland and will be extended if needed, it said.
(Reporting by China economics team; Editing by Jacqueline Wong)
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