According to the central bank's website, with the approval of the State Council, the People's Bank of China and the State Bank of Pakistan recently renewed the bilateral local currency exchange agreement. The exchange scale is 30 billion yuan/1,180 billion Pakistani rupees. The agreement is valid for three years and can be extended with the consent of both parties. The renewal of the bilateral local currency exchange agreement between China and Brazil will help strengthen financial cooperation between the two countries, expand the use of local currency between China and Brazil, and facilitate bilateral trade and investment.

According to the central bank's website, with the approval of the State Council, the People's Bank of China and the State Bank of Pakistan recently renewed the bilateral local currency exchange agreement. The exchange scale is 30 billion yuan/1,180 billion Pakistani rupees. The agreement is valid for three years and can be extended with the consent of both parties. The renewal of the bilateral local currency exchange agreement between China and Brazil will help strengthen financial cooperation between the two countries, expand the use of local currency between China and Brazil, and facilitate bilateral trade and investment.