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Trade settled in CNY is likely to grow further – Standard Chartered

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The Yuan (CNY) is increasingly being used for trade, investment and as a reserve currency in Africa. Strong trade trends support more trade settled in

CNY is being used for trade and investment in Africa and features as a reserve currency.

South Africa, CDI and Kenya are top markets for CNY cross-border payments; we expect Nigeria to catch up.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

 

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