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Budapest RMB
Initiative
HU
Budapest RMB
Initiative
HU

RMB Initiative

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The purpose of the Budapest Renminbi Initiative is to expand the investment spectrum and financing sources of Hungary and to foster Chinese-Hungarian economic partnership. Important goals of MNB with the Initiative are to create money-, foreign exchange and capital market infrastructures, develop the settlement system and start negotiations about Chinese capital market licences in cooperation with the major stakeholders of renminbi settlements in the financial, corporate and government sector.