China, Turkey signs currency swap deal
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China and Turkey on Tuesday set aside differences on how to deal with the raging violence in Syria and signed a three-year currency swap deal worth $1.6 billion to enable bilateral trade in local currencies.
Chinese Vice President Xi Jinping and Turkish President Abdullah Gul oversaw the signing of the agreement, which can be extended, between the People's Bank of China and Turkey's Central Bank. The leaders did not make any statement during the ceremony, but Turkish leaders were widely expected to relay their growing concerns over the violence in neighboring Syria. (AP)
