The People's Bank of China and the Central Bank of Oman have signed a bilateral local currency swap agreement worth RMB 30 billion (OMR 1.5 billion), valid for five years, alongside a Memorandum of Understanding on digital payments and legal digital currency cooperation. The agreements were signed by PBOC Governor Pan Gongsheng and Oman Central Bank Governor Ahmed Al Musalmi, witnessed by heads of state from both countries.
The MOU focuses on strengthening cooperation in digital payments and central bank digital currencies, aiming to enhance cross-border payment facilitation and safeguard financial market stability between China and Oman.
