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CHINESE SWIFT: A new payments system equivalent to SWIFT has arisen in China called CIPS (2015)

LessThunk comment: This will put the Yuan on a proper internationalisation footing (used at any time of day) not in specific windowed times..we will look out for more than just a handful of banks in test on the China International Payment System this year

http://www.reuters.com/article/2015/03/09/us-china-yuan-payments-exclusive-idUSKBN0M50BV20150309


Categorised as: banking | economy

Posted by: Phaedrus

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