The People's Bank of China, with State Council approval, renewed with the Bank of the Lao PDR a bilateral renminbi and Lao kip local currency swap agreement and a memorandum of understanding on financial innovation, digital payments and central bank digital currency cooperation during Lao President Thongloun's visit to China, with the agreements intended to support bilateral financial cooperation and deepen economic and trade ties.
Central Bank of the Republic of China2026-06-08
People's Bank of China renews Lao local currency swap and digital finance cooperation agreements
The People's Bank of China, with State Council approval, renewed its bilateral renminbi–Lao kip local currency swap agreement and a memorandum of understanding with the Bank of the Lao PDR on financial innovation, digital payments and central bank digital currency cooperation. The agreements aim to support bilateral financial cooperation and deepen economic and trade ties.