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Türkiye: Industrial and Commercial Bank of China designated RMB clearing bank in Türkiye
The People's Bank of China (PBOC) on Wednesday officially designated the Industrial and Commercial Bank of China (Turkey) Co. as the Renminbi clearing bank in Türkiye. This move aligns with the "Memorandum of Cooperation' signed between the PBOC and the Central Bank of Türkiye." The establishment of this clearing bank is set to streamline Renminbi transactions between the two countries, enhancing its use in local settlements, financing, and trade. By doing so, it aims to foster deeper bilateral trade and investment ties, strengthening economic cooperation between China and Türkiye. Shotlist: Istanbul, Türkiye - July 2, 2025: FILE: Beijing, China - Date Unknown 1. Aerial shots of People's Bank of China (PBOC) headquarters; FILE: China - Exact Date and Location Unknown 2. Various of Chinese yuan banknotes being counted; Istanbul, Türkiye - July 2, 2025 3. Various of staff members working in Industrial and Commercial Bank of China (Turkey) Co., Ltd.; FILE: Istanbul, Türkiye - Aug 23, 2018 4. Turkish national flag; FILE: Istanbul, Türkiye - Date Unknown 5. Various of pedestrians, traffic. [Restriction - No access Chinese mainland]
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