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CURRENCY SWAP DEAL BETWEEN CHINA AND ZIMBABWE

Published On 17 Jan 2020 01:06 PM


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China and Zimbabwe signed a currency swap deal. The purpose of the deal is to strengthen trade relations between the two nations.

The deal will enable an investor in China to pay a Chinese business in Zimbabwe which is looking forward to foreign exchange. The Chinese-owned business in Zimbabwe will release the Zimbabwe dollar equivalent to the US dollar to a local bank account of the payer in China. The local currency will be applica....


Tags : China, Zimbabwe, Currency-swap, currencies, local currency,
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