China’s yuan added to aviation settlements in boost to internationalisation

The International Air Transport Association (IATA) will add the yuan to the settlement currencies available to airlines and aviation suppliers through the industry association’s clearing house, in another boost to China’s efforts to promote the internationalisation of its currency.
Yuan settlements will be available from next month following the completion of a trial period, the association said in a statement issued on Wednesday, with domestic carriers China Southern Airlines and Xiamen…