Saudi Central Bank and the People’s Bank of China establish a bilateral currency swap arrangement
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The Saudi Central Bank (SAMA) and the People's Bank of China have signed a three-year agreement to establish a bilateral currency swap arrangement. The maximum value of the swap is 50 billion Chinese yuan.
The agreement has been established in the context of financial cooperation between the Saudi Central Bank and the People's Bank of China, reflecting the strengthening collaboration between the two central banks.
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