Chinese mainland banks allowed to exchange NT$ directly

cctv.com | Updated: 2013-04-11 10:19

China's State Administration of Foreign Exchange or SAFE announced that banks on the Chinese mainland could directly buy or sell new Taiwan dollars for clients.

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Banks involved in the business must first file a record to the local branch of SAFE in advance. The move aims to boost cross Strait business ties and to strengthen cooperation in finance.

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