42% growth of the dirham against the yuan

As part of a joint effort to strengthen trade relations between the UAE and China, the UAE's Central Bank has signed a bilateral agreement with the People's Bank of China for foreign exchange and foreign exchange. a memorandum of understanding to create a renminbi clearing house in the United Arab Emirates. Arbitration through the Center's intermediary has steadily increased, recording an increase of 42% in the first half of 2018 compared to the end of 2017.

The growth of remittances by the Clearinghouse reflects a total growth in trade between the two countries. As it is contained Total UAE imports, with a total value of 79.9 billion AED 2017, and a growth of 14.7% over 2016 levels.

Exchange of Efficiency

Mubarak Mubarak Rashid Al-Mansouri, "The United Arab Emirates and China are exploring ways to strengthen the ties between the two countries and develop their relations in various sectors, including the economy, trade, commerce and trade. Investment, education, tourism and renewable energy. "

China's popular actions promote efficient trade b The establishment of Clearing House has also facilitated the clearing process, thus enhancing the attractiveness of the UAE market for Chinese investors and corporations Chinese, and vice versa.