Thursday 14, October 2010 by
Rivoli Group opens first Renminbi Account in the UAE
The ability to transact in RMB will allow Rivoli to establish itself as the luxury lifestyle retailer of choice amongst its Chinese buyers, as well as take advantage of the opportunities arising from the growing demand for luxury goods in China. In addition to being able to receive payments in RMB, Rivoli can now take advantage of the full suite of RMB account, trade settlement, transactional and financial markets capabilities offered by Standard Chartered Bank.
