The Bank of Cabo Verde reported that it explored potential cooperation with Bank of China during an Aug. 5 meeting, focusing on the use of the renminbi in foreign exchange reserve management, investment and financing activities. The discussions also covered services and support that Bank of China could provide, including a possible operational relationship for renminbi denominated transactions. The parties reviewed Cape Verde’s economic conditions and identified potential areas for further institutional cooperation.
2026-09-04Bank of Cape Verde
Bank of Cabo Verde discusses potential renminbi reserve and operational cooperation with Bank of China
The Bank of Cabo Verde explored cooperation with Bank of China on using the renminbi in reserve management, investment and financing. The discussions included a possible operational relationship for renminbi denominated transactions and related support services.