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Local currency settlement strengthens mutual benefit in foreign trade

As China reaches agreements with more trading partners and strengthens the use of #LocalCurrencies in international trade and financial transactions, cross-border transactions between China and other countries are expected to enjoy greater convenience. This will provide new opportunities for the cooperation on bilateral and regional trade and investment.


http://en.people.cn/n3/2024/0618/c90000-20182322.html
#BRICS Bank to finance its members' projects in #LocalCurrencies

The New BRICS Development Bank (NDB) is set to launch payments in local currencies to invest in the private sector of the economies of the grouping’s member states, according to a statement by the financial institution’s president Dilma Rousseff.

https://janhittimes.in/news/50373