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World Trade – The Renminbi Is Increasingly Being Used In Foreign Exchange Transactions, London Claims Top-Spot

Exchange Money Conversion to Foreign Currency
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London ranked No 1 for offshore renminbi foreign exchange transactions during the first three months of 2017, according to the latest data released by a leading global financial network on Tuesday. The Society for Worldwide Interbank Financial Telecommunication says 36.3 percent of global offshore renminbi exchange transactions were conducted through London. Hong Kong was in second…


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