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Wednesday, January 12, 2011

Bank of China Begins Offering Yuan Deposits, Currency Exchange in New York

Bank of China Begins Offering Yuan Deposits, Currency Exchange in New York

Snippet of Article: "... The Bank of China Ltd., the nation’s fourth-largest lender by assets, said U.S. branches began offering yuan deposit, exchange, remittance and trade finance services last month. Personal customers in the New York area can change as much as $4,000 a day into yuan, up to a maximum of $20,000 a year,..."

Reference: www.bloomberg.com

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