China and Europe test bilateral currency swap operations: PBOC

The currency swap deal, signed in October 2013, totaled 350 billion yuan ($54.78 billion), or 45 billion euros, the bank said. Two currency swap tests were conducted in April and November this year.

Both operations were completed successfully and are a step towards facilitating better trade and investment between China and Europe, the notice said.

(Reporting by Meng Meng and Sue-Lin Wong; Editing by Simon Cameron-Moore)