Currency swaps through Renminbi Clearing Centre boost UAE- China trade
As part of joint efforts to foster a closer trading relationship and develop increased investment opportunities, the Central Bank of the UAE and the People’s Bank of China signed a bilateral currency swap agreement and an MOU to establish a Renminbi (RMB) Clearing Centre in the UAE in December 2015….
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Source: Central Bank of the UAE