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Pay Chinese suppliers in RMB to save USD

In a session at NACHA's 2012 Global Payments Strategies Conference, Alfred Nader, vice president, corporate strategy and development at Western Union Business Solutions, urged corporates to trade in renminbi with their Chinese business partners rather than U.S. dollars. Claiming that corporates could save as much as five percent on every transaction if they use the renminbi when making payments to China.

Read more in the full article here.

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