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Benefits of European Investment Immigration: Direct Trading of Renminbi Against Euro in the Interbank Foreign Exchange Market

Benefits of European Investment Immigration: Direct Trading of Renminbi Against Euro in the Interbank Foreign Exchange Market

Positive news for European investment immigration: The interbank foreign exchange market has launched direct trading between the RMB and the Euro. For the best immigration news, please visit the official WorldWay investment immigration website.

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The China Foreign Exchange Trading Center recently announced that starting from September 30, direct trading of Renminbi against Euro will be conducted in the interbank foreign exchange market. The central bank believes that direct trading of Renminbi against Euro avoids pricing through a third-party currency, reduces transaction costs, and makes trade and investment more convenient and free, undoubtedly promoting trade and financial exchanges between the two parties.

 

Currently, several banks have announced the completion of the first direct trading of Renminbi against Euro in the interbank foreign exchange market. There is significant potential demand for direct trading of Renminbi against Euro from corporate and individual clients. Direct trading of Renminbi against Euro is of great significance for Sino-European economic and trade exchanges as well as for the global payment, settlement, and financing of Renminbi.

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