orSign up

Follow us:
wechat

Cross-border RMB settlement in Guangdong hits new high

2020-January-20       Source: Xinhuanet.com

Cross-border settlement in Chinese currency in south China's Guangdong Province hit a new high in 2019, a local branch of the People's Bank of China (PBOC), the central bank, said Sunday.

(Photo by Xinhua)

Cross-border settlement in Chinese currency in south China's Guangdong Province hit a new high in 2019, a local branch of the People's Bank of China (PBOC), the central bank, said Sunday.

Cross-border renminbi (RMB) settlement in the trade hub grew to 3.26 trillion yuan (about 464 billion U.S. dollars) in 2019, thanks in part to the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, according to the PBOC Guangzhou branch.

In 2019, cross-border RMB settlement occurred in the Guangdong-Hong Kong-Macao Greater Bay Area reached 2.32 trillion yuan, up 17.3 percent from 2018.

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

 

Editor: Will

Scan to share on WeChat

Scan to follow us on WeChat

0
Related News
Most popular
Day |
Week |
Month
Key Words

Home|About us|Contact us|Southcn.com

WWW.NEWSGD.COM. All rights reserved.

WWW.NEWSGD.COM. All rights reserved.|Registered number 020074| 粤公网安备 44010402000511号|ICP备案号 粤B-20050235-8