BEIJING (Reuters) โ Chinaโs central bank said on Friday it had signed a memorandum of understanding with the Maldivesโs ministry of economic development and trade to establish a framework for promoting local currency settlement, currency account transactions and direct investments.
The agreement would promote trade and investment between the two countries, a statement from the Peopleโs Bank of China said.
(Reporting by Joe Cash; Editing by Mark Potter)
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