Taiwan banks to offer Chinese yuan services
By , on February 5th, 2013
<!– google_ad_section_start –> Taiwanese banks will start allowing customers to open Chinese yuan accounts and remit funds to the mainland from Wednesday, officials said, in the latest sign of warming economic ties between the former rivals. The regulations, which follow an agreement signed last August, are expected to lower the risk of exchange rate fluctuation and the cost of currency exchange, officials said. Trade between Taiwan and the mainland amounted to US$168.96 billion last year according to Chinese figures. <!– google_ad_section_end –>
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Taiwan banks to offer Chinese yuan services
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Taiwan banks to offer Chinese yuan services
<!– google_ad_section_start –> Taiwanese banks will start allowing customers to open Chinese yuan accounts and remit funds to the mainland from Wednesday, officials said, in the latest sign of warming economic ties between the former rivals. The regulations, which follow an agreement signed last August, are expected to lower the risk of exchange rate fluctuation and the cost of currency exchange, officials said. Trade between Taiwan and the mainland amounted to US$168.96 billion last year according to Chinese figures. <!– google_ad_section_end –>
See the original post here:
Taiwan banks to offer Chinese yuan services
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