Emirates NBD, the biggest lender by assets in the United Arab Emirates, has launched Renminbi-denominated accounts and deposits.
The bank says the move is meant to help small and medium enterprises in the Kingdom which do business with China.
There are currently around 3-thousand Chinese companies doing business in the
Gulf1 state.
Other foreign lenders with operations in the UAE, such as HSBC and Standard Chartered, also offer Renminbi-based trade financing services.
China and the UAE signed a currency
swap2 agreement worth 35 billion Renminbi last year.
Bilateral3 trade between China and the UAE hit 15.6 billion U.S. dollars in 2012.
For more on the RMB in the Gulf, we're joined live on the line by CRI's financial
commentator4 Cao Can.
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收听单词发音
1
gulf
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n.海湾;深渊,鸿沟;分歧,隔阂 |
参考例句: |
- The gulf between the two leaders cannot be bridged.两位领导人之间的鸿沟难以跨越。
- There is a gulf between the two cities.这两座城市间有个海湾。
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2
swap
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n.交换;vt.交换,用...作交易 |
参考例句: |
- I will swap you my bicycle for your radio.我想拿我的自行车换你的收音机。
- This comic was a swap that I got from Nick.这本漫画书是我从尼克那里换来的。
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3
bilateral
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adj.双方的,两边的,两侧的 |
参考例句: |
- They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
- There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题,两位政治家各自所持的看法差距甚大。
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4
commentator
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n.注释者,解说者;实况广播评论员 |
参考例句: |
- He is a good commentator because he can get across the game.他能简单地解说这场比赛,是个好的解说者。
- The commentator made a big mistake during the live broadcast.在直播节目中评论员犯了个大错误。
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