Posted inBeijing, China, European Union, India, Pakistan, South Asia, World

New rules hope to bring more cross-border RMB transactions

China’s central bank announced new measures on Friday to encourage cross-border yuan transactions, as the internationalization of the currency picks up steam. The rules aim to “improve policies for cross-border RMB services, create an excellent business environment, and service One Belt, One Road construction,” a statement on the People’s Bank of China website said. Moves […]

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