China, Oman Sign Five-Year, 30 Billion Yuan Currency Swap

China and Oman signed a five-year, 30 billion yuan currency swap alongside a digital-currency pact designed to deepen financial ties and expand cross-border payment cooperation. People's Bank of China Governor Pan Gongsheng and Central Bank of Oman Governor Ahmed Al Musalmi signed the two documents in a ceremony witnessed by the leaders of both countries. The swap's stated value is 30 billion yuan, or 1.5 billion Omani rial, and its term is five years. The digital cooperation memorandum addresses payment services across borders and central bank digital currencies.