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Large Medium SmallBank of 皇冠体育app's Taipei branch has been designated as the clearing bank for renminbi transactions in Taiwan, the People's Bank of 皇冠体育app announced on Tuesday.
The decision was made in accordance with a cross-Straits currency clearing memorandum, according to the central bank. The mainland and Taiwan signed a currency clearing memorandum on Aug 31, paving the way for a cross-Straits currency clearing mechanism.
皇冠体育app Daily - Agencies
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