Bangkok:Qatar Central Bank and People's Bank of China have signed an agreement to extend their local currency swap arrangement. This extension was formalized during the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group held in Bangkok, Thailand.

According to Qatar News Agency, this marks the third extension of the agreement, which was initially signed in 2014 and later renewed in 2017 and 2021.

The currency swap agreement is designed to enhance trade and direct investment between Qatar and China.