China and Oman Sign Digital Currency Cooperation Agreement
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AI-assisted source synthesis · not an independent investigation.
On November 3, 2026, China and Oman signed a memorandum of understanding on central bank digital currency (CBDC) cooperation and reached a five-year currency swap arrangement. The arrangement has a ceiling of 30 billion yuan, equivalent to 1.5 billion Omani rials. The People’s Bank of China stated that the arrangement will strengthen monetary cooperation between the two countries and improve cross-border digital payment settlement. Reports noted that the agreement did not mention mBridge or platform membership, so it is currently impossible to confirm whether Oman will replace Saudi Arabia, which withdrew from the platform after completing its proof of concept.
AI-written from reports · updated 2 hours ago
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- CryptopolitanChina and Oman sign CBDC cooperation agreement and 30 billion yuan currency swap arrangement
China and Oman signed a memorandum of understanding on CBDC cooperation and reached a five-year currency swap arrangement capped at 30 billion yuan, equivalent to 1.5 billion Omani rials. The People’s Bank of China said the arrangement will strengthen monetary cooperation between the two countries and improve cross-border digital payment and settlement. The agreement did not mention mBridge or platform membership, so it remains unconfirmed whether Oman will replace Saudi Arabia, which exited the platform after completing its proof of concept.
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