KUALA LUMPUR, Feb 8 (Bernama) -- Bank Negara Malaysia (BNM) and The People's Bank of China today renewed its currency swap agreement for another three years with its size increased to RM90 billion/RMB180 billion.

In a joint statement, both banks said the original agreement was established on Feb 8, 2009 with an initial total size of RM40 billion/RMB80 billion.

"This renewed currency swap agreement will further reinforce the financial cooperation between both economies and facilitate greater bilateral trade and investment," they added.