FDIC-Insured Bank Accounts Holding Chinese Renminbi (CNY) (RMB)

Reader Jonathan wrote in the tell me that the Bank of China (BoC) is offering FDIC-insured bank accounts that are denominated in renminbi, the official currency of China. Also referred to by the primary unit yuan, you may have heard about how China tightly controls this currency in the news. Since many sources view the [...]

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