Incorporation of yuan to benefit both parties: Argentina's business leader

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Incorporation of yuan to benefit both parties: Argentina's business leader

STORY: Incorporation of yuan to benefit both parties: Argentina's business leader DATELINE: July 14, 2023 LENGTH: 00:01:36 LOCATION: Buenos Aires CATEGORY: ECONOMY SHOTLIST: 1. various of street views and ICBC in Argentina 2. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. 3. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. STORYLINE: Argentina has initiated the opening of bank accounts in Chinese currency renminbi, or the yuan. Liex S.A., a subsidiary of the Chinese firm Zijin Mining, became the first client of ICBC Bank Argentina branch to open an account in yuan. It came after the Central Bank of Argentina (BCRA) incorporated the Chinese yuan as an eligible currency for deposits in savings and current accounts at the end of June. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. "We are very pleased to be one of the first customers to be able to operate through currency exchange using yuan; after a visit by representatives of the Argentine government to China

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