Traders eye speeding China-Myanmar border trade after RMB accounts allowed in private banks

YANGON, May 1 (Xinhua): Myanmar traders have hoped that the Chinese currency renminbi (RMB) accounts in four private banks would accelerate border trade.

Allowing private banks authorized to offer RMB accounts is good for merchants and the use of RMB will increase border trade with China," said U Min Thien, chairman of the Muse Commodity Depot.