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Direct trading of yuan adds 7 more currencies

CCTV.com

12-13-2016 01:07 BJT

China on Monday launched direct trading of yuan with seven more currencies, including the Turkish lira and the Mexican peso, on its inter-bank foreign exchange market. 

The China Foreign Exchange Trade System said the direct trading will help lower exchange costs and facilitate bilateral trade and investment.

The inclusion brings the number of foreign currencies that are allowed direct trading with the yuan to 23.

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