Yuan now accepted by Serbian central bankStaff writer ▼ |
Cooperation The growing economic ties between the two nations
Serbian financial institutions can now accept China's currency, the yuan, for the settlement of international trade, underscoring the growing economic ties between the two nations, the National Bank of Serbia has announced.
Serbia's central bank also pointed to "the ongoing internationalization of the yuan, in other words, the fact that the yuan has gained a more important role in international economic relations and financial flows."
The Executive Committee of the National Bank of Serbia decided to add the Chinese yuan to their list of accepted currencies at a meeting on Thursday.
The decision will come into effect on January 12, 2015. It will mean that banks and currency exchange bureaus in Serbia will be able to make and accept transactions in yuan. ■
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