The Export-Import Bank of China (China EximBank) made the first loan cooperation with the Saudi National Bank, the largest bank in Saudi Arabia, in RMB Yuan, facilitating financial cooperation under the framework of the China-proposed BRI.
One thing is sure: this is the beginning of new trends by which many countries will bypass the US dollar…
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Link to articles:
Saudi National Bank Partners With China Exim Bank In RMB Yuan Loans:
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Saudi Arabia – China Ties: Several Investment Agreements, MoUs Signed During President Xi’s Visit:
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China EximBank, Saudi National Bank achieve first loan cooperation in yuan:
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Banks of China and Saudi Arabia signed the first loan agreement in yuan
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