The People's Bank of China, with State Council approval, has renewed its bilateral local currency swap agreement with the Bank of Mongolia for CNY15 billion or MNT7.85 trillion with a three-year term, a move it said will further deepen financial cooperation, support bilateral trade and economic exchanges, and help maintain financial market stability.
Central Bank of the Republic of China2026-06-26
People's Bank of China renews CNY15 billion local currency swap agreement with Bank of Mongolia
The People's Bank of China has renewed its bilateral local currency swap agreement with the Bank of Mongolia for CNY15 billion or MNT7.85 trillion for three years.