Pakistan State Bank Allows use of Chinese Currency Yuan for Bilateral Trade & Investment Activities

Pakistan has allowed Chinese currency Yuan for exports and financing transactions. According to Pakistan, external affairs ministry, both public and private sector enterprises of Pakistan and China are free to choose Yuan for bilateral trade and investment activities.

As per current foreign exchange regulations, Chinese Yuan is an approved foreign currency for denominating foreign currency transactions in Pakistan.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Pakistan Capital- Islamabad, Currency- Pakistani rupee.
  • Chinese Capital– Beijing, President- Xi Jinping.
Source- AIR World Service