China, Serbia sign MoU on yuan clearing arrangements

(Xinhua) 20:42, December 11, 2023

BEIJING, Dec. 11 (Xinhua) -- The People's Bank of China (PBOC) and the National Bank of Serbia have signed a memorandum of understanding (MoU) on establishing yuan clearing arrangements in Serbia, the PBOC said in a statement Monday.

The move will help enterprises and financial institutions of the two countries to use yuan for cross-border transactions and further promote bilateral trade and investment facilitation, it added. 

(Web editor: Zhao Tong, Sheng Chuyi)


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