Banks are allowed to open accounts in Chinese yuan

Thursday, June 29, 2023

The Board of the BCRA incorporated the Chinese yuan as an eligible currency for deposits in savings and current accounts.

The BCRA incorporated the Chinese yuan as an eligible currency for deposits in savings and current accounts.

Thus, financial institutions will be allowed to open bank accounts in Chinese yuan.

This measure will supplement the decision of the National Securities Commission which allowed transactions of negotiable securities in Chinese yuan.

Share on