China and Oman Central Banks Sign Memorandum of Cooperation on Digital Currency

According to a TechFlow report on November 3, the Ministry of Foreign Affairs of Oman disclosed that the People's Bank of China and the Central Bank of Oman signed a memorandum of cooperation on central bank digital currencies. The two sides will exchange expertise and experience related to the technology.

The two central banks also signed a local currency swap agreement. The Governor of the Central Bank of Oman said the agreement is aimed at supporting economic development, strengthening financial stability, and enhancing international partnerships. The relevant documents were signed on November 2 in the presence of the leaders of both countries.

Source: TechFlow