News Analysis: Egypt embraces Chinese yuan to attract investment, strengthen ties


  • World
  • Saturday, 05 Jul 2025

CAIRO, July 4 (Xinhua) -- Egypt is set to allow Chinese firms to register and operate using the Chinese currency, the yuan -- an important step to facilitate investment and enhance economic relations between the two countries, according to Egyptian economic experts.

Egyptian Minister of Investment and Foreign Trade, Hassan El Khatib, recently announced that "Egypt will allow Chinese companies to register using the yuan in financial transactions, under the Central Bank of Egypt's support."

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