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Tanzanian Banks Facilitate Payments with China

This month two prominent Tanzanian banks introduced new services to facilitate payment to and from China hence favour Sino-Tanzanian trade.

National Bank of Commerce (NBC) clients can now pay Chinese suppliers directly in Yuan Renminbi (CNY).

This will reduce cost of trade by waving currency exchange fees.

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Meanwhile CRDB Bank is now accepting China Union Pay, the most widespread payment card in China.

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