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China issues notice on supporting cross border yuan settlement for foreign trade

China issues notice on supporting cross border yuan settlement for foreign trade

FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee

BEIJING : China's central bank on Monday issued a notice on allowing banks to cooperate with non-banking payment firms to provide yuan settlement service under the current account in a bid to support foreign trade.

Source: Reuters

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