China and Turkey have reached a $3.6 billion swap deal, boosting the present currency protocol up to $6 billion. Turkey President Recep Tayyip Erdogan revealed the deal on Sunday, according to business-focused news agency Bloomberg, which will permit Turkey to increase dealings in national currency, rather than US dollars. This should help bolster central bank holdings, the report says. Turkish President Erdogan did not reveal when this consensus was finalised. The two nations concluded their initial swap protocol back in 2012, with later agreements permitting Turkish businesses to make purchases from China in yuan. Though China is one of Turkey's most significant
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