The International Air Transport Association Clearing House has added the Chinese Yuan as a settlement currency.

According to the Wisdom Finance APP, the International Air Transport Association (IATA) announced that the RMB will be added as one of the settlement currencies available for airlines and other suppliers to use at the IATA Clearing House (ICH). Previously, the IATA Clearing House supported seven currency settlements, including US dollars, euros, pounds, Swiss francs, Singapore dollars, Australian dollars, and Japanese yen.