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China and South Africa renew currency swap agreement

South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, File. REUTERS/Siphiwe Sibeko

BEIJING, Oct 30 (Reuters) – The central banks of China and South Africa extended a bilateral currency swap agreement for five years, with the size of the swap at 30 billion yuan ($4.51 billion) or 74 billion South African rand, the People’s Bank of China said in a statement on Friday.

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