Saudi Arabia, China ink 50 billion yuan currency swap agreement – Saudi Gazette

Saudi Arabia, China ink 50 billion yuan currency swap agreement – Saudi Gazette

RIYADH — The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank of China, marking a milestone in financial cooperation between the two nations.The accord establishes a maximum swap value of 50 billion Chinese yuan.This strategic agreement reflects the commitment of both central banks to enhance collaboration and strengthen ties founded on mutual interests.The three-year duration underscores the long-term nature of this financial partnership, showcasing the enduring commitment of Saudi Arabia and China to bolstering their economic relations. — SG











Saudi Arabia, China ink 50 billion yuan currency swap agreement - Saudi Gazette