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China, Morocco sign currency swap deal

Updated: May 11,2016 8:42 PM     Xinhua

BEIJING — The central banks of China and Morocco signed a three-year currency swap deal worth 10 billion yuan ($1.53 billion) on May 11.

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.