"China and the UAE on Tuesday signed a currency swap agreement worth 35bn yuan ($5.54bn), the People's Bank of China said, adding that the deal was effective for three years and would boost two-way trade and investment.
The agreement signed in Dubai was announced while Chinese Premier Wen Jiabao tours the Middle East, including the Emirates, and is the latest in a string of arrangements to facilitate greater use of China's yuan in international trade."
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