Arab Today, arab today yuan crossborder trade settlement hits 86tr
Last Updated : GMT 01:58:56
Arab Today, arab today
Arab Today, arab today

Yuan cross-border trade settlement hits 8.6tr

Arab Today, arab today

Arab Today, arab today Yuan cross-border trade settlement hits 8.6tr

Beijing - XINHUA

China's cross-border trade settlements in its national currency, the yuan or renminbi, totalled 8.6 trillion yuan (1.4 trillion U.S. dollars) by the end of September since the program's launch in July 2009, a central bank official said on Friday. Cross-border yuan transactions have been conducted in 220 countries and regions and China had signed currency swap contracts with 23 countries and regions by the end of September, said Xing Yujing, secretary general of the monetary policy committee of the People's Bank of China (PBOC), the central bank. The southern province of Guangdong is the pioneer of cross-border yuan transactions. Guangdong's cross-border trade settlements in renminbi totalled 3.2 trillion yuan by the end of September, with 22,000 enterprises as well as 2,189 bank outlets conducting the business, said Wang Jingwu, head of the central bank's Guangzhou branch. China first kicked off trials of cross-border trade settlement in yuan in 2009 in Hong Kong, Macao, ASEAN countries and selected other locations. The scheme has now been extended to all parts of China and all countries and regions overseas. Earlier in October, the PBOC and the European Central Bank signed a 350-billion-yuan currency swap agreement, bringing the volume of currency swap deals to 2.2 trillion yuan in total.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan crossborder trade settlement hits 86tr Arab Today, arab today yuan crossborder trade settlement hits 86tr

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan crossborder trade settlement hits 86tr Arab Today, arab today yuan crossborder trade settlement hits 86tr

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday