Central bank introduces yuan to domestic forex market

The National Bank of Serbia (NBS) has included the Chinese yuan in the list of foreign currencies that could be traded on the foreign exchange (forex) market.

Izvor: Tanjug

Friday, 26.12.2014.

09:24

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Central bank introduces yuan to domestic forex market

The Chinese yuan will be included in the list of foreign currencies and foreign cash that banks may trade with, and in the list of foreign cash that licensed exchange dealers may buy and sell.

In making this decision, the NBS was guided by the increasing share of trading with the People's Republic of China in Serbia's total foreign trade and the significant degree of economic cooperation between the two countries.

The NBS also took into account the fact that the yuan is gaining in importance in international economic relations and financial flows, the central bank said.

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