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China signs 15 billion yuan currency swap agreement with Nigeria

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BEIJING, MAY 3, 2018 – China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion).

The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and investment, and safeguard stability of financial markets of both countries.

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