Saudi Arabia, China sign a currency exchange agreement worth ‎‎50 billion Chinese yuan‎

Saudi Central Bank and Central Bank of China signed a bilateral currency exchange agreement for a period of 3 years and a value of up to 50 billion Chinese yuan.

The Central Bank of Saudi Arabia confirmed that the signing of this agreement comes in the context of financial cooperation between the two banks, which reflects the consolidation of relations between them in areas of common interest.