China and Oman Expand Digital Currency Cooperation With $4.2 Billion Yuan Swap
China and Oman have signed an agreement to expand cooperation on digital currencies and cross-border payments.
The agreement was signed by the two countries’ central banks in Beijing and includes a five-year currency swap worth 30 billion yuan, equivalent to approximately 1.5 billion Omani rials.
The deal highlights growing efforts to strengthen financial cooperation, explore digital payment infrastructure, and facilitate cross-border transactions between the two countries.