The Ural Bank for Reconstruction and Development is now offering its business customers a new option: their transactions can now be handled using the Chinese national currency.

‘The opportunity to open and administer one’s RMB accounts and purchase or sell the currency via UTS will allow our customers to improve their financial relations with their Chinese suppliers. Remarkably, the potential of doing business internationally has virtually no limits now: thanks to the UBRD Internet Bank system, you can now perform currency transactions without setting foot outside your home or office,’ the bank explains.