Valid for three years, the agreement can be renewed upon mutual consent, according to a statement issued by the central bank.
It will help strengthen financial cooperation between both sides, expand the use of both the currencies and promote bilateral trade and investment facilitation, a state-controlled media outlet reported.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
