Copying and distributing are prohibited without permission of the publisher
Renminbi LCs could overtake euros by 2015
June 08, 2012
The issuance of renminbi letters of credit could surge in the next few years on strong trade redenomination rather than offshore-onshore arbitrage, believe experts.
The potential for the issuance of renminbi letters of credit (LCs) continues to rise due to growing trade settlement between China and the rest of the world.
Renminbi trade settlement, which is expected to reach US$690 billion by 2013 according...
This content is only available to Asiamoney PLUS subscribers or trialists.
If you have a username and password, you can login here.
Otherwise, please take a free trial or subscribe for unrestricted access.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.