Almot Maqolo, Staff Writer

CBZ targets Chinese yuan credit lines

FINANCIAL services group CBZ Holdings (CBZ) is seeking yuan-denominated credit lines from Chinese lenders as it moves to deepen the use of the currency (CNY) in growing trade with China. CBZ Bank, the group’s bank­ing unit, began settling transac­tions directly in CYN in June this year, offering customers an alternative to the US dollar. As…

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