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Bangkok Post

Business

Banks eye yuan-baht trade payments

Bank of Thailand United States Sethaput Suthiwartnarueput China Thailand US Dollar

The Bank of Thailand is in discussions with China's central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility.

According to central bank governor Sethaput Suthiwartnarueput, the Bank of Thailand and the People's Bank of China have held talks over additional cooperation to encourage businesses to use yuan-baht settlement for trade between the two countries.

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