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China Names Africa's First Renminbi Clearing Bank
Renminbi clearing in Africa now has a home: China named Standard Bank and ICBC to settle yuan trade across 19 countries, easing reliance on the dollar.
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africa.businessinsider.com
Africa’s largest lender wins China approval to clear yuan payments across 19 African countries in major trade shift
China has authorised Africa’s largest lender, Standard Bank, to jointly clear yuan payments across 19 African countries, giving businesses direct access to China’s financial…
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Africa’s largest lender wins China approval to clear yuan payments across 19 countries in major trade shift
