Arab Today, arab today yuan accounts available throughout uae
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

Yuan accounts available throughout UAE

Arab Today, arab today

Arab Today, arab today Yuan accounts available throughout UAE

Dubai - Arabstoday

The world\'s second-largest banking and financial services group HSBC is offering dedicated yuan accounts (RMB accounts) at its branches throughout the UAE. All UAE-based customers who avail of the facility will be able to trade with China and receive in yuan without converting their currency exposure. This will not only help businesses lower their trading costs but reduce foreign exchange risk. \"Our trade research tells us that the yuan has already overtaken the pound in its use as a settlement currency and traders are telling us that they expect it be one of their top 3 settlement currencies this year. And, as trade with Asia increases, so does global interest in this important currency,\" said Nicholas Levitt, Head of Commercial Banking for the UAE. This suits China also as it seeks to reduce reliance on the US dollar in trade and investment. The Asian powerhouse started to allow businesses to use yuan in cross-border trade from July 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan accounts available throughout uae Arab Today, arab today yuan accounts available throughout uae

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan accounts available throughout uae Arab Today, arab today yuan accounts available throughout uae

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday