ComBank offers NRFC accounts in Yuan

Commercial Bank is now offering Non-Resident Foreign Currency (NRFC) accounts in the Chinese Yuan following its inclusion as a designated currency in Sri Lanka by the Central Bank.

The enhancement comes several weeks after the Bank began offering customers the option of transacting in Yuan for export and import dealings with counterparts in China, thereby substantially reducing conversion losses and time lapses in the conversion process.

Commercial Bank already offers NRFC accounts in all other Designated Currencies in the country including the US Dollar, Euro, Pound Sterling, Japanese Yen, Australian Dollar, Canadian Dollar, Singapore Dollar, Danish Kroner, Hong Kong Dollar, New Zealand Dollar, Norwegian Kroner, Swedish Kroner and the Swiss Franc.