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China to launch direct yuan trading with 7 currencies

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China has agreed to establish direct trading between its yuan currency and seven foreign currencies, the China foreign exchange trading platform operator said on Friday.

[BEIJING] China has agreed to establish direct trading between its yuan currency and seven foreign currencies, the China foreign exchange trading platform operator said on Friday.

Trading between the yuan and currencies including the Norwegian krone, Mexican peso and Turkish lira will begin on Dec 12, the China Foreign Exchange Trade System (CFETS) said in a statement on its website.

REUTERS

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