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China Takes Further Steps Towards Internationalizing the Renminbi

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By Xiaolei Gu Mar. 14 – The China Development Bank (CDB) has taken the initiative to bring out an agreement among the BRICS nations by pledging to extend credit in renminbi (RMB) to the group’s four other members, according to a report by the Financial Times. To this effect, a memorandum of understanding is scheduled […]

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