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The central banks of the United Arab Emirates (UAE) and Ethiopia have formally established a bilateral currency swap agreement valued at up to 3 billion dirhams ($816.79 million). The UAE and Ethiopia established a bilateral currency swap agreement valued at up to $816.79 million.The agreement also includes frameworks for using local currencies for cross-border transactions and integrating payment and messaging systems.Under the MoU, the CBUAE and the NBE will also collaborate on payment platform services and electronic switches.Both central banks also signed agreements to establish frameworks…