The central banks of China and Mongolia renew the bilateral currency swap agreement.

Approved by the State Council, recently the People's Bank of China and the Bank of Mongolia renewed a bilateral currency swap agreement, with a swap scale of 15 billion RMB/7.85 trillion Mongolian Tugrik. The agreement is valid for three years. The renewal of the China-Mongolia bilateral currency swap agreement will help further deepen financial cooperation between the two countries, promote bilateral economic and trade exchanges, and maintain the stability of financial markets.