PBOC and BCB Sign MOU on Establishing RMB Clearing Arrangements in Brazil

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The People’s Bank of China (PBOC) recently signed a Memorandum of Understanding (MOU) with Banco Central do Brasil (BCB) on establishing Renminbi (RMB) clearing arrangements in Brazil. The arrangements will help enterprises and financial institutions of the two countries conduct cross-border transactions using RMB and further facilitate bilateral trade and investment.

Date of last update Nov. 29 2018
2023年02月07日