40 Days
Source:
بوابة الوسط
Agreement Reached on Libya's Access to China's Bank-to-Bank Payment System
The Central Bank of Libya and the Bank of China have reached an agreement to integrate Libyan banks into China's cross-border interbank payment system (CIPS), aiming to facilitate commercial and financial transactions between the two countries and promote the smooth flow of trade and investment. Additionally, the two sides agreed to allow Libyan investments to enter the Chinese bond market, as well as to establish a banking forum between Libya and China in early 2027 to strengthen economic and institutional partnerships. The forum will focus on sharing expertise and developing payment systems and banking services. The treaty seeks to enhance the efficiency of financial operations and achieve greater integration between the Libyan and Chinese financial systems, supporting mutual development and investment efforts.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)