BEIJING, Sept 21 (NNN-XINHUA) – China’s central bank, signed a memorandum of cooperation with the central bank of Kazakhstan, to establish renminbi (RMB) clearing arrangements in Kazakhstan.
These arrangements will help enterprises and financial institutions of the two countries, conduct cross-border transactions using RMB, said a statement on the People’s Bank of China website, yesterday.
It will also further facilitate bilateral trade and investment, said the bank.– NNN-XINHUA
