Egypt Banks on Beijing as Premier Visit Seals Yuan, Payment Deals

Financial cooperation: Egypt and China sign key trade agreements

Egypt and China entered into three financial cooperation agreements on Thursday. The main topics of discussion included the creation of agreements to facilitate trade in local currencies and the settlement of bilateral commercial payments in Egyptian pounds and Chinese yuan.

Egypt banks on Beijing as premier visit seals yuan, payment deals

The deals were announced during the visit by a senior Chinese delegation led by the country’s premier to Cairo this week.

Central banks of China, Egypt vow to deepen financial cooperation

Central banks of China, Egypt vow to deepen financial cooperation

China, Egypt sign MoU to boost financial ties, promote local currency settlement

China and Egypt signed a memorandum of understanding (MoU) on Thursday to enhance bilateral financial collaboration, promoting local currency settlement, central bank digital currency, and digital innovation, China’s central bank said on Friday.

China ready to optimize trade, expand cooperation with Egypt: premier

Chinese Premier Li Qiang said in Cairo on Thursday that China is willing to work with Egypt to optimize the development of bilateral trade and create more highlights of cooperation as well as new drivers of economic growth.

Egypt, China sign 3 MoUs to boost financial, payment system ties

The agreement aims to promote the use of the Chinese yuan among businesses operating in the Egypt-China Economic and Trade Cooperation Zone