China extends 70 bln yuan currency swaps with Thailand

BEIJING, Jan 8 (Reuters) - China's central bank on Monday said it has extended bilateral currency swap worth 70 billion yuan ($10.78 billion) with Thailand central bank for another three years.

The People's Bank of China announced the extension in a statement on its website. ($1 = 6.4927 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk)