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Chinese Yuan can also be transferred
HSBC Armenia corporate customers can now effect cross-border trade settlements in Renminbi (Chinese Yuan).
As a result of recent changes passed by The People's Bank of China, the coverage of cities and provinces included in the scheme to conduct cross-border trade settlements in Chinese Yuan has been extended to 20, including Beijing, Shanghai, Guangdong, Guangxi, Sichuan and other cities.
According to the data of National Statistical Service of RA, China holds the second position in the commodity circulation with Armenia.
