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China, Morocco sign currency swap deal

Xinhua | Updated: 2016-05-12 10:01

BEIJING - The central banks of China and Morocco signed a three-year currency swap deal worth 10 billion yuan ($1.53 billion) on Wednesday.

The deal, which came as King Mohammed VI of Morocco began a state visit to China, will facilitate bilateral trade and investment, according to a statement on the website of the People's Bank of China.

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