Hungarian PM welcomes China’s new RMB clearing center in Budapest

Bank of China officially launched its Renminbi (RMB) clearing center in Budapest on Friday.

Addressing the gathering, Hungarian Prime Minister Viktor Orban underlined his country’s potential to become the growth center of Central Europe.

He said that the new center reinforced a win-win alliance and he envisaged the birth of a “new Silk Road” between China and Hungary, and all of Central Europe.

This is the first RMB clearing center in Central and Eastern Europe (CEE).

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