The UAE should be the Middle East's trading hub for the Chinese yuan, says the head of the Dubai International Financial Centre.
Jeff Singer, the chief executive of the DIFC Authority, said financial firms should lobby the Central Bank for changes in regulations to allow for this.
He said financial firms should join together to assist transactions using the Chinese currency, also called the renminbi, as Chinese firms were eager to enter the emirate's financial free zone.
No comments:
Post a Comment