Chinese Central Bank Flags Greater Cooperation with Kazakhstan on Payments and Finance


The People’s Bank of China (PBOC) has flagged greater cooperation with the Central Asian nation of Kazakhstan in the area of payments.

PBOC announced on 2 August that it had held a high-level meeting via teleconference with its counterparts at the National Bank of Kazakhstan, beingKazakhstan’s central bank, on 29 July.

According to PBOC the meeting discussed “driving bilateral local-currency settlement, deepening interbank cooperation, as well as undertaking cooperation in the areas of payments systems and financial markets.”