Which among the following countries launched an International Payment System to globalize Yuan?

Which among the following countries launched an International Payment System to globalize Yuan?
[A]China
[B]Japan
[C]Taiwan
[D]Indonesia

China
China launched the first phase of its much anticipated China International Payment System (CIPS) that provides capital settlement and clearing services for cross-border Yuan transactions for financial institutions domestically and abroad. It will enhance efficiency and increase global use of the Chinese currency.

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This question "Which among the following countries launched an International Payment System to globalize Yuan?" was published on GKToday on October 29, 2015 at 10:29 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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