PBoC, Central Bank of Oman sign 30bn yuan currency swap, digital payment MOU

The swap is modest relative to China's larger Gulf arrangements, but pairing it with a digital payments and CBDC MOU signals that Beijing is building infrastructure, not just liquidity backstops, along Gulf corridors. For Oman, this is a diversification play that reduces reliance on dollar-clearing channels for bilateral trade; for China, it extends yuan settlement reach into a Gulf economy already tied to dollar-pegged oil. The open question is whether the digital-payment track produces usable cross-border rails before the five-year swap lapses, since MOUs of this kind often stay symbolic.