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. (Saudi Gazette)
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