On the 1st, the reporter learned from the People's Bank of China that recently, the People's Bank of China and the Bank of Mongolia have renewed their bilateral local currency swap agreement, with a swap scale of 15 billion RMB/7.25 trillion Mongolian Tugrik and a validity period of three years. The People's Bank of China stated that the renewal of the bilateral currency swap agreement between China and Mongolia will help further deepen financial cooperation between the two countries, promote bilateral economic and trade exchanges, and maintain financial market stability. (New News Agency)