China extends 200 bln-yuan currency swap deal with Australia

BEIJING, March 30 (Reuters) - China's central bank has extended a bilateral currency swap agreement worth 200 billion yuan ($31.88 billion) with the Reserve Bank of Australia for another three years.

Announcing the extension in a statement on its website on Friday, the People's Bank of China (PBOC) said the swap deal will facilitate trade and promote the economic development of both countries. ($1 = 6.2739 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk Editing by Shri Navaratnam)