http://tass.ru/en/economy/827143
.The China International Payment System
(CIPS) officially began its operations on Thursday, a statement posted
on the country’s State Council website has said.
Fan Yifei, deputy governor of the central bank, the People’s Bank of
China, told a ceremony in Shanghai that the establishment of CIPS “will
allow increasing efficiency of cross-border settlement in yuans and
encourage the yuan’s use globally.”
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