The Offshore RMB (CNH) One Year AfterFX Outlook; AsiaJune 14, 2011 Posted by Fernand Kong, CFAA year ago this month, the RMB cross border trade settlement scheme was expanded to 20 Mainland Chinese provinces and cities. Mainland Designated Enterprise (MDE) exporters in these provinces were allowed to settle trade transactions in RMB with any part of the world, while Chinese importers had no restrictions in paying RMB to overseas vendor.
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