Stanbic Bank Tanzania launched direct yuan settlement on Aug. 12, 2026, letting businesses trade with China without converting through the US dollar.
Tanzania · FINANCE
Key Facts
—Launch date: Stanbic Bank Tanzania launched the direct RMB settlement service in Dar es Salaam on Wednesday, Aug. 12, 2026.
—Who can use it: Corporate, commercial, small and medium enterprise, and retail clients can pay Chinese suppliers and receive payments from Chinese buyers directly in renminbi.
—Regulatory basis: The service is offered in line with Bank of Tanzania regulatory guidelines.
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