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Year-ender: major financial events of 2020
chinadaily.com.cn |
Updated: 2020-12-29 06:40
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Currencies of different countries. [Photo/Sipa]
As China has been making efforts to internationalize the renminbi for more than a decade, the Chinese yuan-denominated cross-border settlement witnessed significant progress this year.
A record 29 countries welcomed RMB as a trade settlement tool by September, including Turkey, Pakistan, Russia, Nigeria and Iran. RMB has grown into an important choice in bilateral transactions with China.
Renminbi-denominated cross-border trade settlement hit 633.8 billion yuan in November, central bank data showed, according to Xinhua News.
The renminbi s growing importance in the international monetary system is an irreversible trend, due largely to China s determination to further open up its financial markets. ....

Cao Shengxi , China Institute Of Digital Assets , China Daily , China Institute , சீனா நிறுவனம் ஆஃப் டிஜிட்டல் சொத்துக்கள் , சீனா தினசரி , சீனா நிறுவனம் , சர்வதேச பரவல் ,