Tanzania’s Stanbic Bank Launches Direct Yuan Settlement for China Trade

Tanzania · FINANCE Key Facts —Launch date: Stanbic Bank Tanzania launched the direct RMB settlement service in Dar es Salaam on Wednesday, Aug. 12, 2026. —Who can use it: Corporate, commercial, small and medium enterprise, and retail clients can pay Chinese suppliers and receive payments from Chinese buyers directly in renminbi. —Regulatory basis: The service…