MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – As reported by radyo.inquirer.net and retweeted by retired entertainer Jim Paredes, the Chinese currency, rinminbi, can now be used for transactions in the Philippines.
It was reported that this was among the many agreements signed by Philippine President Rodrigo Duterte and Chinese President Xi Jinping during the latter’s state visit to the country.
Today, Banko Sentral ng Pilipinas (Central Bank of the Philippines) issued preliminary guidelines on the use of Chinese currency in transactions within the country.
Initially, rinminbi can be used by local Filipinos to purchase the following items:
The Central Bank said that more items will be added in the coming months.