RMB Internationalization in Central Asia Kazakhstan

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Image Source : China VisualBEIJING, September 21 (TMTPOST) – The People's Bank of China (PBoC) and the National Bank of Kazakhstan signed a memorandum of cooperation on the establishment of Renminbi (RMB) clearing arrangements in Kazakhstan, according to an announcement onTuesday from PBoC, the central bank of China.The establishment of the RMB clearing arrangement in Kazakhstan will be beneficial to enterprise