With the approval of the State Council, the People’s Bank of China (PBOC) and the Bank of Mongolia (BOM) recently renewed the bilateral currency swap agreement worth RMB15 billion (MNT7.25 trillion). The arrangement is valid for three years.
The renewal of the agreement is conducive to further deepening financial cooperation between the two countries, promoting bilateral economic and trade exchanges, and maintaining financial market stability.
Date of last update
Nov. 29 2018
