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CHINA PRESS
CHINA PRESS: The State Bank of Pakistan, the country's central bank, announced
Pakistani trade and financial transactions with China can now be denominated the
yuan, the Associated Press reported Wednesday. Pakistan aims to increase trade
and economic ties with China and rein in capital outflows by repatriating
profits, according to AP. The central bank said facilities for letters of
credit, transaction clearance and financing denominated in the yuan have been
put in place, AP reported. (Associated Press)

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