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Central Bank of Oman

Policy & Legal Updates
Source: BigGo Finance

China and Oman Sign $4.5 Billion Currency Swap and Digital Currency Pact

The People's Bank of China and the Central Bank of Oman have signed a five-year bilateral currency swap agreement valued at 30 billion yuan ($4.5 billion). The central banks also signed a memorandum of understanding covering central bank digital currencies and cross-border payment cooperation during Sultan Haitham bin Tarik's state visit to Beijing. The pact broadens China's monetary cooperation network in the Gulf alongside existing arrangements with the UAE.

Policy & Legal Updates
Source: GCC Business News

China and Oman Sign Comprehensive Agreement and Central Bank Currency Swap

Oman and China signed a comprehensive agreement and 14 memoranda of understanding in Beijing, including a formal bilateral currency swap mechanism. The agreements target cooperation in green development, digital currency, securities regulation, and space technology. Chinese direct investment in Oman has reached over 33 billion yuan ($4.6 billion).

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