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DUBAI: The renminbi clearing centre in the United Arab Emirates has cleared 44.57 billion yuan ($6.5 billion) in transactions between January and November, the UAE central bank said on Tuesday.

"This represents a good achievement after only 17 months of operation of the centre," the central bank said. "However, it is still low compared to the aspirations of the two countries in this area.

Copyright Reuters, 2018

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