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Articles

U.S. Surpasses Taiwan as Offshore RMB Clearing Center

  • By Andrew Deichler
  • Published: 6/3/2014

Renminbi payments value in the United States increased 327 percent between April 2013 and April 2014, according to the SWIFT RMB Tracker. That puts the U.S. at third in the world for RMB payments value, excluding China and Hong Kong.In April 2014, 2.6 percent of total RMB payments value ...

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