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Economic difficulties caused by coronavirus pandemic not to disrupt water supply projects - PresidentMongolia exports 3,000 tons of horse meat to China in 2020

Mongolia and China extend currency swap agreement

 

Фотографии: akipress.kg

August 4, 2020, 10:24       Источник akipress.kg       Комментарии

AKIPRESS.COM - Bank of Mongolia has extended a currency swap agreement with China's central bank till 2023, Xinhua reports.
The agreement allows the two central banks to swap 15 billion yuan ($2.2 billion) for 5.4 trillion Mongolian togrog, the People's Bank of China (PBOC) said on its website.
The deal aims to "facilitate bilateral trade and investment and promote the economic development of both countries," PBOC said.
The agreement is valid for three years and is extendable by mutual consent.
In 2011, Chinese and Mongolian central banks signed a currency swap deal for 5 billion yuan, making it possible for trade settlement and investment with their own currencies. In 2014, they expanded the deal to 15 billion yuan.

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АГРОПОРТАЛ КЫРГЫЗСТАНА, НОВОСТИ СЕЛЬСКОГО ХОЗЯЙСТВА
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