BRICS members expand the use of yuan as Bank of China opens branch in Riyadh
By Rhod Mackenzie The Bank of China (BOC), one of China’s four largest state-owned commercial banks, has inaugurated its first branch in Riyadh, the capital of Saudi Arabia. This move aims to extend the use of the yuan in trade and finance. Analysts have observed that since the recent BRICS Summit, members of the bloc […]