Abstract : The People's Bank of China (PBC), China's central bank, signed a memorandum of understanding (MoU) with the Bank of Mauritius to make Renminbi (RMB) clearing arrangements in Mauritius, reported Xinhua Finance recently.
BEIJING, Nov. 15 (Xinhua) -- The People's Bank of China (PBC), China's central bank, signed a memorandum of understanding (MoU) with the Bank of Mauritius to make Renminbi (RMB) clearing arrangements in Mauritius, reported Xinhua Finance recently.
The RMB clearing arrangements in Mauritius is expected to foster the use of RMB by enterprises and financial institutions in both countries in cross-border transactions and further facilitate the bilateral trade and investment.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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Keyword:
PBOC
Financial Str. Release
Mauritius' central bank
RMB clearing arrangements
