The People’s Bank of China reported that Governor Pan Gongsheng and Qatar Central Bank Governor Bandar renewed the two central banks’ bilateral local currency swap agreement during the fourth meeting of central bank governors from China and Gulf Cooperation Council member states in Bangkok. No terms of the renewed agreement were disclosed. Participating governors agreed to advance local currency and cross-border payment cooperation, expand bilateral investment and strengthen links between financial market infrastructures. They also discussed closer coordination on international economic and financial matters. Pan held separate talks on bilateral financial cooperation with officials from the central banks of the United Arab Emirates, Qatar and Oman, as well as Oman’s finance minister.
People’s Bank of China renews bilateral local currency swap agreement with Qatar Central Bank
The People’s Bank of China and Qatar Central Bank renewed their bilateral local currency swap agreement during a meeting of central bank governors from China and Gulf Cooperation Council states. Participants also agreed to deepen cooperation on local currencies, cross-border payments, bilateral investment and financial market infrastructure.