2009-03-03

Reform Continues to Progress

人民币贸易结算试点“积极推进中”

The link is to the Chinese article, below is the English summary.
Foreign Trade to Be Settled in Yuan

The state forex watchdog SAFE said that preparations for a pilot project that will use the yuan to settle foreign trades are rapidly underway.

The launch date for the pilot has not yet been decided, a SAFE executive told Caijing.

This initiative is an important step in internationalizing the RMB and allowing it to be traded freely.

No comments:

Post a Comment