Ecobank, Bank of China eye yuan settlement platform to cut dollar dependence

Ecobank Transnational Incorporated is successful precocious talks with Bank of China to motorboat a nonstop local-currency-to-yuan colony level by year-end, arsenic commercialized ties betwixt Africa and China deepen. The projected level would let businesses to settee transactions straight successful Chinese yuan, bypassing the US dollar and reducing conversion costs that person agelong weighed connected African […]

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