swap
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and…
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Beijing, Riyadh sign currency swap agreement | The Express Tribune
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BEIJING: The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather…
