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Cross-border use of RMB becomes increasingly popular at home and abroad
With China's total import and export volume of goods trade hitting a record high of over 40 trillion yuan in 2022, the renminbi (RMB) settlement in goods trade surged 37 percent year on year to 7.92 trillion yuan, showing the Chinese currency RMB is gaining more popularity at home and abroad.
February23,2023
【Financial Str. Release】PBOC Shanghai Head Office to propel cross-border use of RMB in key areas & for key entities, official
The Shanghai Head Office of the People's Bank of China (PBOC), the central bank, will adopt measures including achieving breakthroughs in cross-border use of Renminbi (RMB) in key areas and for key entities during 2021-2025 to boost free exchange of RMB, reported Xinhua-run Xinhua Finance Tuesday.
August25,2021
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