PBOC Signs Currency Swap Agreement and Digital Currency Cooperation Memorandum with Central Bank of Oman

The Governor of the People's Bank of China, Pan Gongsheng, and the Governor of the Central Bank of Oman, Ahmed Al-Mousaami, signed the "Bilateral Currency Swap Agreement between the Renminbi and the Omani Rial" and the "Memorandum of Understanding on Strengthening Cooperation in Digital Payments and Legal Digital Currencies" under the witness of the heads of state of both countries. The swap agreement has a scale of 30 billion RMB / 1.5 billion Omani Rials and is valid for five years. The two sides held talks on issues related to bilateral economic and financial cooperation. The agreement aims to deepen monetary and financial cooperation between the two countries, enhance the facilitation of cross-border digital payments, and maintain financial market stability.

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