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Bank of England welcomes agreement of MoU on Renminbi (RMB) clearing and settlement in London
The Bank of England is very pleased to announce that a Memorandum of Understanding (MoU) between the People’s Bank of China (PBoC) and the Bank regarding renminbi (RMB) clearing and settlement arrangements in London has been signed.
Published on
31 March 2014
This agreement will facilitate the use of renminbi by banks and other firms in international transactions, supporting global trade and investment.
Press release