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China: China renews currency swap agreement with New Zealand

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Storyline: The People's Bank of China (PBOC), China's central bank, has renewed a bilateral currency swap agreement with the Reserve Bank of New Zealand, the PBOC said in a statement on its website on Thursday. The value of the renewed deal is 25 billion yuan (about 3.52 billion U.S. dollars), it said. The arrangement is valid for five years and can be renewed upon mutual consent, said the statement. The renewal of this arrangement will deepen monetary and financial cooperation between the two countries, facilitate bilateral trade and investment, and contribute to financial market stability, according to the PBOC. Shotlist: FILE: Beijing, China - Date Unknown: 1. Aerial shots of People's Bank of China (PBOC) headquarters FILE: China - Date Unknown: 2. Various of bank clerk counting, bundling Chinese yuan banknotes 3. Various of Chinese yuan banknotes going through counting machine 4. Bank clerk working FILE: Beijing, China - Date Unknown: 5. Various of cityscape FILE: Wellington, New Zealand - Date Unknown: 6. National flags of New Zealand in front of parliament building FILE: Auckland, New Zealand - Date Unknown: 7. Various of traffic, buildings, pedestrians. [Restrictions : No access Chinese mainland]

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