Pakistan considering to replace US dollar with Chinese Yuan for bilateral trade (Source: Voice of America)

Updated 23 December 2017
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Pakistan considering to replace US dollar with Chinese Yuan for bilateral trade (Source: Voice of America)

Voice of America report by Ayaz Gul from Islamabad states that Pakistan is considering to replace US dollar with Chinese Yuan for bilateral trade which stood at around $14 billion in fiscal year 2015-2016 and is likely to increase significantly as development work on CPEC — the $60 billion investment that China has committed in Pakistan — expedites in coming days.

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