Brazil and China agree currency swap and deepen cooperation

chinabrazil

Brazilian and Chinese authorities have agreed to deepen ties between the two countries after plans for a currency swap were revealed on the same day an agreement to increase information sharing about banks was signed.

The Central Bank of Brazil on June 21 announced it had signed a memorandum of understanding with the China Banking Regulatory Commission to enhance the exchange of information related to the supervision of financial institutions. The authorities also concurred on increasing

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