StanChart starts direct trading between yuan, Saudi riyal, UAE dirham

StanChart starts direct trading between yuan, Saudi riyal, UAE dirham
 

Standard Chartered (STAN.L) said on Thursday it had started direct trading between the Chinese yuan, Saudi Arabia's riyal and the UAE's dirham, making it one of the first market-makers to trade those currency pairs in China's interbank market.
Last week, the operator of China's foreign exchange trading platform said it had agreed to establish direct trading for the two pairs, starting on Sept. 26. Previously, trade occurred indirectly through third currencies such as the U.S. dollar.
Trading goods between the Gulf and China has grown rapidly in the last few years, although it has dropped... read more

 
29 September 2016 in Business, Views: 38
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31