left corner left corner
China Daily Website  

China, Morocco sign currency swap deal

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.

  • Group a building block for Africa

    An unusually heavy downpour hit Durban for two days before the BRICS summit's debut on African soil, but interest for a better platform for emerging markets were still sparked at the summit.