DigiNepal
China moves to simplify forex settlements and make cross-border business easier
China moves to simplify forex settlements and make cross-border business easier
China plans to expand foreign exchange settlement services and streamline cross-border trade payments, in a move to lower transaction costs and facilitate international commerce. The State Administration of Foreign Exchange (Safe) on Monday released a draft notice for public consultation outlining nine measures to facilitate current-account foreign exchange transactions. The proposals aimed to…