China has recently signed a ‘Bilateral Currency Swap Agreement’ with which country?
China has recently signed a ‘Bilateral Currency Swap Agreement’ with which country?
چین نے حال ہی میں کس ملک کے ساتھ دو طرفہ کرنسی کے تبادلے کا معاہدہ کیا ہے؟
Explanation
In 2023, the People’s Bank of China and the Central bank of Saudi Arabia inked a local currency swap deal
This agreement is valid for three years and subject to extension by mutual consent, involves a sum of 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals.
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