China: Strategic developments in Beijing
China, Oman sign $4.5B currency swap deal to strengthen financial ties The central banks of China and Oman signed a five-year currency swap agreement worth 30 billion yuan ($4.5 billion) against 1.5 billion Omani rials, China’s central bank said Tuesday, Anadolu reports. People’s Bank of China Governor Pan Gongsheng and his Omani counterpart, Ahmed bin Jaafar Al Musalmi, signed the agreement Monday in Beijing during Omani Sultan Haitham bin Tariq’s state visit to China. The signing ceremony was attended by Chinese President Xi Jinping and the Omani sultan. The two central bank governors also signed a memorandum of understanding on digital payments and central bank digital currencies. The Chinese central bank said the agreements would deepen monetary and financial cooperation, facilitate cross-border digital payments and help maintain financial market stability. Al […]
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