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UAE, Chinese banks to enhance RMB clearing
Officials from the Central Bank of United Arab Emirates (CBUAE), the Central Bank of China and the Agricultural Bank of China discussed in a workshop on Wednesday to improve the Renminbi (RMB) clearing in the UAE, state-run WAM news agency reported.
December13,2018
News Analysis: China's yuan heads for global currency status
The founding of the first renminbi (RMB) clearing bank in the United States and the yuan's imminent formal inclusion in an elite reserve currency basket are the RMB's latest victories on the way to becoming a global currency.
September23,2016
First RMB clearing bank established in the U.S.
The People's Bank of China (PBOC), the central bank, announced on Wednesday it has authorized Bank of China's (BOC's) New York branch to provide Renminbi (RMB) clearing services in the United States.
September22,2016
Bank of China designated as RMB clearing bank in U.S.
The People's Bank of China announced Tuesday that Bank of China is designated as the RMB clearing bank in the United States.
September21,2016
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