A significant recalibration is underway in African trade finance.. Companies across the continent now have the practical ability to settle transactions with Chinese suppliers directly in Renminbi (RMB), potentially breaking a long-held reliance on the US dollar.. Standard Bank’s recent integration with China’s Cross-Border Interbank Payment System (CIPS) is seen as a structural development that […]
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Source: shippingandfreightresource.com
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