Another step to de-dollarisation: What s China, Saudi Arabia s currency swap pact? firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
The People s Bank of China
and the Saudi Central Bank recently signed a local currency swap
agreement worth 50 billion yuan or 26 billion
Saudi riyals, both banks said on Monday, as bilateral.
BEIJING: The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan (US$6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world's top oil exporter, and