China's CFETS Continues 3-Year Waiver of Trading Fees for 12 CNY Currency Pairs

According to the China Foreign Exchange Trade System (CFETS), on July 10, the center announced it will continue to waive trading commissions on twelve direct CNY currency pairs for three years. The pairs include CNY against Singapore dollar, Russian ruble, Malaysian ringgit, New Zealand dollar, South African rand, Saudi riyal, UAE dirham, Polish zloty, Hungarian forint, Turkish lira, South Korean won, and Thai baht. The fee exemption covers both bidding and inquiry trading transactions.
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