current affairs MCQ #6757

Which bilateral currency arrangement has Pakistan formalized with China for CPEC-related trade transactions?

current affairs MCQ #6757

  1. Question 1

    Q1. Which bilateral currency arrangement has Pakistan formalized with China for CPEC-related trade transactions?

    • A) SDR basket currency clearing
    • B) Euro-Yuan hybrid settlement mechanism
    • C) Digital dollar intermediary clearing
    • D) Chinese Yuan (RMB) direct settlement

    Answer: Chinese Yuan (RMB) direct settlement

    Explanation: Pakistan and China have formalized Chinese Yuan (RMB) direct settlement arrangements for CPEC-related trade, reducing dependence on the US dollar as an intermediary currency and enabling bilateral trade in local currencies.