| China's Prime Minister Li Keqiang and Chilean President Michelle Bachelet signed a currency swap deal seeking to deepen economic ties by boosting trade and investment. The currency swap agreement between Chile's central bank and the People's Bank of China was announced yesterday. It eases the exchange of up to 2.2 trillion pesos (about USD 3.6 billion) for the next three years.
China has signed currency swap deals with several countries and has worked with financial centers to develop international hubs for offshore trading of the currency...............................................Full Article: Source
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