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International Law
: China Briefing BlogMacau Signs Renminbi Deal with Mainland
By China Briefing
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Dec. 15 – The Monetary Authority of Macau and the People’s Bank of China have signed a deal for a cross-border trade renminbi settlement program that will increase the amount of renminbi Macau residents can buy.
Macau residents will now be able to purchase up to RMB20,000 per transaction compared to RMB14,000 previously. The agreement also [...]Full post as published by China Briefing Blog on December 14, 2009 (boomark / email).
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