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China and Britain have agreed on a currency swap1 deal, allowing exchanges of up to 200 billion RMB or 20 billion pounds.
The agreement will involve a reciprocal 3-year "currency swap line". The deal was announced in an online statement by the Bank of England on Saturday night. Britain says the deal will promote bilateral2 trade and support domestic financial stability.
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1 swap | |
n.交换;vt.交换,用...作交易 | |
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2 bilateral | |
adj.双方的,两边的,两侧的 | |
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