China's central bank said on Thursday that it has signed a currency agreeme...
FILE PHOTO: Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
BEIJING - China’s central bank said on Thursday that it has signed a currency agreement with Laos, allowing direct local currency settlement for transactions under the current and capital accounts. The agreement was aimed at boosting financial cooperation between the two countries and promoting trade and investment, said the People’s Bank of China in a statement on its website.
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