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Thursday, February 24, 2011
Bank of India becomes first to offer trade settlement in yuan - The Times of India
READ MORE: Bank of India becomes first to offer trade settlement in yuan - The Times of India: "Bank of India has become the first Indian bank to offer trade settlement facility between the rupee and the Chinese RMB from Hong Kong. This follows intense persuasion by the China Banking Regulatory Commission, which is trying to gain acceptance of the RMB as an international currency."
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