Deutsche Bank becomes first non-Chinese bank to settle yuan in Europe

Semafor · first seen 12.08.2026

Deutsche Bank has received authorization to settle transactions in the Chinese currency in Europe, marking a significant step for Beijing's currency ambitions.

Deutsche Bank is authorized to settle transactions in yuan in Europe
It is the first non-Chinese bank to achieve this status

Sources

Semafor — Deutsche becomes first non-Chinese bank to settle yuan

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