
Direct RMB trade opened to Lira, Peso and Scandinavian currencies
Seven new foreign currencies can now be traded directly with the renminbi for cross-border trade and investment settlement.

As of Monday, December 12, anyone seeking to trade any of seven foreign currencies against the renminbi will no longer have to cross-reference with the US dollar, the China Foreign Exchange Trade System (CFETS) announced on December 9.
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