With the approval of the State Council, the People’s Bank of China (PBOC) and the Bank of Mauritius (BOM) recently signed a bilateral currency swap agreement. The size of the agreement is RMB2 billion (MUR13 billion). The agreement is valid for three years and can be renewed upon mutual consent.
The establishment of a bilateral currency swap arrangement between China and Mauritius will help strengthen financial cooperation, expand the use of local currencies, and facilitate trade and investment between the two countries.
Date of last update
Nov. 29 2018
