KYIV, Dec 10 – The National Bank of Ukraine (NBU) and People's Bank of China (PBC) have renewed the Chinese Remnimbi/hryvnia bilateral currency swap arrangement for another three years, the NBU has reported on its website.

NBU Governor Yakiv Smolii and PBC Governor Yi Gang signed the arrangement during a working visit of Smolii to Beijing.

According to the report, the maximum value of the swap line remains unchanged at RMB 15 billion or UAH 62 billion (around $2.22 billion under the NBU's exchange rate).