China, Chile Sign Multibillion Dollar Currency Swap

teleSUR English 2015-05-26

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Chile and China have signed a number of cooperation deals, including a multibillion USD currency swap. This comes as the two countries move to enhance their trade and financial ties. In a meeting between Chinese Premier Li Keqiang and President Michelle Bachelet, China agreed to grant a quota of US$8.1 billion to foreign institutional investors in the Latin American country. Bachelet said the two countries would strengthen cooperation in energy, mining, public works, infrastructure and promoting investment. teleSUR

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