World & BusinessRwanda’s biggest commercial bank reportedly joins Chinese yuan-payment platform
Bloomberg says the link cuts reliance on the dollar for trade with China, Africa’s largest trading partner.
TLDR
Bloomberg reports that Rwanda’s biggest commercial bank joined a Chinese payment platform that facilitates direct settlements in yuan. The outlet says the move reduces reliance on the dollar for trade with China, Africa’s largest trading partner.
Rwanda’s biggest commercial bank reportedly joins Chinese yuan-payment platform
Bloomberg says the link cuts reliance on the dollar for trade with China, Africa’s largest trading partner.
TLDR
Bloomberg reports that Rwanda’s biggest commercial bank joined a Chinese payment platform that facilitates direct settlements in yuan. The outlet says the move reduces reliance on the dollar for trade with China, Africa’s largest trading partner.