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Exclusive Yuan Clearance License Awarded to Bangkok Bank

Bangkok Bank has been granted a unique license by China to clear yuan transactions. This decision is a part of Beijing’s initiative to extend the influence of its renminbi currency across Asia, according to Bangkok Bank’s Senior Executive Vice-President, Prasong Uthaisangchai.

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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.