The People's Bank of China and the Bank of the Lao PDR renewed a bilateral local currency swap agreement covering the Chinese yuan and the Lao kip.
According to NS3.AI, the two central banks also renewed a memorandum focused on financial innovation, digital payments, and legal digital currencies.
The documents are intended to support local currency liquidity and facilitate cross-border settlement, while also addressing trade-related needs between China and Laos.
China and Laos Renew Yuan-Kip Currency Swap and Digital Payments Cooperation
2026-06-08 12:29:14
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