On December 11, 2023, China and Serbia signed an important agreement, and the People's Bank of China and the Central Bank of Serbia signed a memorandum of cooperation to establish RMB settlement arrangements in Serbia. The signing of this agreement marks an important step in the cooperation between the two countries in the financial field, which will further promote the facilitation of bilateral trade and investment.

The establishment of RMB settlement arrangements will provide more convenient and efficient RMB cross-border transaction services for enterprises and financial institutions in both countries. This will help reduce transaction costs, improve capital flow efficiency, and further promote trade and investment cooperation between the two countries.

The signing of this memorandum of cooperation is an important milestone in the cooperation between China and Serbia in the financial field. The cooperation between the two countries in the financial field will further deepen, injecting new vitality and momentum into bilateral relations. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

The signing of a memorandum of cooperation on RMB settlement arrangements between China and Serbia is an important initiative that will inject new impetus into trade and investment cooperation between the two countries. We hope that this cooperation can bring more economic opportunities and development space to both countries. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen