QATAR IS RMB'S CLEAR­ING HOUSE

Qatar Today - - BUSINESS > BANK NOTES -

In­dus­trial and Com­mer­cial Bank of China's Doha branch has been ap­pointed as the clear­ing bank for yuan deals in Qatar, China's cen­tral bank said, ac­cord­ing to a Reuters re­port.

“The sign­ing of the MoU and the ap­point­ment of the ren­minbi clear­ing bank will in­crease the strong ties be­tween China and Qatar and po­si­tion Qatar as the re­gional cen­tre for ren­minbi clear­ing and set­tle­ment,” Qatar Cen­tral Bank said.

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