China to Start Direct YuanEuro Trade
(MENAFN- Qatar News Agency) Beijing September 30 (QNA) - China will allow direct trading between the yuan and the euro according to a central bank statement.
The People's Bank of China (PBOC) website said that direct yuan-euro trade would reduce exchange costs and it will actively support direct trading according to China's (Xinhua) News Agency.
Direct onshore trade is allowed in a number of currencies including the Japanese yen Australian dollar New Zealand dollar Malaysian ringgit and Russian ruble. (QNA)
The People's Bank of China (PBOC) website said that direct yuan-euro trade would reduce exchange costs and it will actively support direct trading according to China's (Xinhua) News Agency.
Direct onshore trade is allowed in a number of currencies including the Japanese yen Australian dollar New Zealand dollar Malaysian ringgit and Russian ruble. (QNA)
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