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Home News RMB Clearing in Brazil ...

RMB Clearing in Brazil

The People's Bank of China (PBOC) and the Central Bank of Brazil have signed a memorandum of cooperation on setting up renminbi clearing arrangements in Brazil, 

the PBOC's website said Tuesday. The establishment of the RMB clearing arrangement in Brazil will help Chinese and Brazilian enterprises and financial institutions

 use RMB for cross-border transactions and further promote bilateral trade and investment facilitation


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    RMB Clearing in Brazil
    2023-02-08

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