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Since the late-2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the Renminbi (RMB). RMB internationalization accelerated in 2009 when China established the dim sum bond market and expanded Cross-Border Trade RMB Settlement Pilot Project, which helps establish pools of offshore RMB liquidity.
'People's Currency' Chinese pronunciation: [ʐə˧˥nmi˧˥npi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. [a] The renminbi is issued by the People's Bank of China, the monetary authority of China. [3]
The Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency.
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On the ground, road access to the airport is offered by airport shuttle, bus, the Chicago "L", or taxis. Interstate 190 (Kennedy Expressway) goes directly into the airport. O'Hare is a hub for American Airlines and United Airlines (which is headquartered in Willis Tower), [16] [17] as well as an operating base for Frontier Airlines [18] and ...
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This airport is statistically one of the busiest in the United States. [citation needed] Midway International Airport serves primarily domestic destinations, Toronto, and select Mexican cities. It is a major focus city for Southwest Airlines. Chicago had a third airport, Meigs Field, until it was demolished in 2003.
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