China and Tajikistan have agreed to 3.2 billion yuan ($500 million) currency swap deal, Chinese state media reported on Saturday, citing the Central Asian country’s central bank.
The deal, signed by the two countries’ central banks on Thursday, lasts for three years, said the official Xinhua news agency.
The swap aims to support the balance international payments, the exchange rate of Tajikistan’s currency, and the development of the energy, agrarian and mining sectors, Xinhua cited the National Bank of Tajikistan as saying. ($1 = 6.3549 Chinese yuan renminbi)