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China signs currency swap with Malaysia

Posted on 11 February 2009

From Cctv.com: China’s central bank has signed a bilateral currency swap agreement with its Malaysian counterpart. This is the bank’s third currency swap agreement in two months.

The arrangement will allow the two banks to swap 80 billion yuan, or 40 billion Ringgit over three years, and could be extended. The People’s Bank of China said the deal aimed to promote bilateral trade and investment, and boost the economic development of the two countries….. Full Article: Source


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