China's central bank said on Wednesday that the People's Bank of China (PBOC) and the State Bank of Pakistan recently had renewed their bilateral currency swap agreement with a swap size of 30 billion yuan/1,180 billion Pakistani rupees.
The agreement is valid for three years and can be further extended upon mutual consent.
The PBOC said renewing the agreement will help strengthen financial cooperation and expand the use of local currencies between the two countries while also promoting bilateral trade and facilitating investment.
Central banks of China, Pakistan renew bilateral currency swap agreement
The United States Central Command released a statement on Tuesday saying that a U.S. Army Apache helicopter gunship crashed near the Strait of Hormuz on Monday, and that its two crew members had been rescued.
According to the statement, two crew members from a U.S. Army AH-64 Apache were rescued by American forces after their helicopter went down at 7:33 p.m. Eastern Time on Monday near the coast of Oman while patrolling regional waters.
The soldiers were rescued within around two hours and are in stable condition.
An investigation into the cause of the crash is underway, although U.S. President Donald Trump said in a social media post that the helicopter had been shot down by Iran.
"I have just been informed ... that last night the Iranians shot down one of our highly sophisticated Apache helicopters while patrolling over the Strait of Hormuz," Trump said in a post on Truth Social on Tuesday.
The two pilots onboard the helicopter were rescued and are "safe and uninjured," Trump said.
"Nevertheless, the United States must, of necessity, respond to this attack," he added.
U.S. military confirms helicopter crash near Strait of Hormuz, Trump vows to respond
