Chinaโs central bank has announced the renewal of its 30 billion yuan (approx. 4.21 billion USD) currency swap agreement with the State Bank of Pakistan. This deal is also valued at 1.18 trillion Pakistani rupees!
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Valid for 3 years with an option to extend further, this agreement will:
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Boost financial cooperation ๐ค
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Expand the use of yuan & rupees ๐ช
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Make trade and investment easier for both countries ๐
This is another step toward strengthening bilateral ties and promoting regional economic stability! ๐ #ChinaPakistan #CurrencySwap #BilateralTrade