US probe makes Chinese yuan currency of choice for 1MDB-IPIC settlements

1MDB initiated the Chinese yuan-denominated payment of US$602.7 million (S$810 million) in debt obligations to Abu Dhabi's IPIC last week ahead of the end-December deadline.
1MDB initiated the Chinese yuan-denominated payment of US$602.7 million (S$810 million) in debt obligations to Abu Dhabi's IPIC last week ahead of the end-December deadline. PHOTO: REUTERS
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