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Which country approved the usage of Chinese currency, Yuan, for bilateral trade with China?
  • a)
    India
  • b)
    Afghanistan
  • c)
    Somalia
  • d)
    Pakistan
  • e)
    Libya
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which country approved the usage of Chinese currency, Yuan, for bilate...
Answer: D) Pakistan
China is also likely to use the digital yuan for bilateral trade. Its most recent trade agreement with Pakistan advances these plans by transitioning payments from U.S. dollars to the two countries' own currencies.
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Which country approved the usage of Chinese currency, Yuan, for bilate...
The central bank of Pakistan approved the usage of Chinese currency, Yuan, for bilateral trade with China. This decision has been taken one day after US President Donald Trump announced stopping of all aid to Islamabad. This also indicates the growing bond between Pakistan and China. Now Pakistan and China might replace US dollar for transactions in China Pakistan Economic Corridor (CPEC) projects. Pakistan clarified that the Pakistani rupee will be continued for domestic usage.
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Which country approved the usage of Chinese currency, Yuan, for bilateral trade with China?a)Indiab)Afghanistanc)Somaliad)Pakistane)LibyaCorrect answer is option 'D'. Can you explain this answer?
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