China Signs Currency Swap Deal With Georgia

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The FINANCIAL — China has signed a framework agreement for a currency swap deal with Georgia, the Chinese central bank said on September 27, according to Nasdaq.

The head of the People’s Bank of China, Zhou Xiaochuan, signed the deal with his Georgian counterpart in Tbilisi, the Georgian capital, while attending a meeting of central bank governors of Central Asia, the Black Sea region and the Balkan countries, according to a statement on the PBOC website.

Both sides expressed willingness to establish the swap arrangement to strengthen cooperation on currency matters, promote settlement in local currency, and enhance trade and investment, the PBOC said.

 

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