中国与巴西签署巴西人民币清算备忘录 - China, Brazil sign memorandum on RMB clearing in Brazil

China's central bank has signed a memorandum of cooperation with the Central Bank of Brazil to establish renminbi (RMB) clearing arrangements in Brazil.These arrangements will help enterprises and financial institutions in the two countries conduct cross-border transactions using the RMB, according to a statement on the People's Bank of China website on Tuesday.They will also further facilitate bilateral trade and investment, the bank said.China's central bank has signed a memorandum of cooperation with the Central Bank of Brazil to establish renminbi (RMB) clearing arrangements in Brazil.These arrangements will help enterprises and financial institutions in the two countries conduct cross-border transactions using the RMB, according to a statement on the People's Bank of China website on Tuesday.They will also further facilitate bilateral trade and investment, the bank said.