ICBC Has the Biggest Number of RMB Clearing Banks in South America

Apr 26, 2023, at 1:58 pm

So far, Industrial and Commercial Bank of China has served as the RMB clearing bank in 11 countries including Singapore, Luxembourg, Qatar, Canada, Thailand, Argentina, Russia, Laos, Kazakhstan, Pakistan, and Brazil, and is the commercial bank that has the largest number of RMB clearing banks in South America.

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ICBC Has the Biggest Number of RMB Clearing Banks in South America

ICBC Brazil Handles the First Cross-Border RMB Settlement Business, Marking New Progress in Dedollarisation Process

Suzhou Will Issue Huge Digital RMB Red Envelopes to Incentivise Car Purchase