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StanChart unit starts direct trading of yuan with Saudi Arabian, UAE currencies

StandardChartered Bank (China) Ltd. started direct trading between theChinese yuan, United Arab Emirates dirham and Saudi Arabian riyal.

The bank became one of the first direct tradingmarket-makers for yuan against dirham and riyal in China's interbank foreignexchange market, according to a Sept. 29 news release.

Standard Chartered Bank (China) is a unit of .