Guangdong cross-border RMB settlement hits 2.85 trln USD in 10 yrs

          Source: Xinhua| 2019-11-28 00:47:40|Editor: Mu Xuequan
          Video PlayerClose

          GUANGZHOU, Nov. 27 (Xinhua) -- The cross-border RMB settlement in Guangdong reached 20 trillion yuan (2.85 trillion U.S. dollars) over the past 10 years ending in October, according to the Guangzhou branch of the People's Bank of China (PBOC).

          Guangdong contributed to 22 percent of the country's cross-border RMB business volume, making RMB the second-largest cross-border payment currency in the province for eight consecutive years, it said.

          In July 2009, China approved a pilot program for cross-border trade settlement in RMB, embarking on the internationalization process of the Chinese currency.

          The cross-border RMB settlement in Guangdong surged to 3.2 trillion yuan in 2018 from 1.5 billion yuan in 2009. More than 90,000 companies, or over 80 percent of all foreign-oriented businesses in Guangdong, have enjoyed the RMB settlement service.

          The PBOC branch said it encourages businesses to conduct cross-border RMB settlement to reduce risks from bigger exchange rate fluctuations.

          In the January-October period, Guangdong's cross-border RMB settlement in goods and services trade reached 1.5 trillion yuan. The figure accounted for 25 percent of all cross-border local and foreign currency settlements in Guangdong, an increase by 5.1 percentage points from 2018.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011105091385879901
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲中文日韩国产一区 | 最新国产成年人小视频 | 亚洲日韩最新一区二区三区 | 在线成人影片免费观看 | 人成国产h视频在线观看 | 亚洲片国产一区一级在线观看 |