国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Europe

Renminbi internationalization to continue, despite setbacks

By Cecily Liu in London | chinadaily.com.cn | Updated: 2017-01-26 20:22

Renminbi internationalization is set to continue, despite a temporary decline in the Chinese currency's payment value in 2016, according to the latest renminbi tracker released on Thursday by the Society for Worldwide Interbank Financial Telecommunication.

Renminbi internationalization to continue, despite setbacks

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture.??[Photo/Agencies]

The latest SWIFT data showed the value of renminbi payments declined by 29.5 percent in 2016, including a big decline in the month of December. Renminbi's share of international payments compared to all other currencies dropped to 1.68 percent in December from 2.31 percent one year earlier, ending the year as the sixth most-active currency for international payments.

Michael Moon, head of payments markets for Asia Pacific at SWIFT, said the slowdown of the Chinese economy and the volatility of the renminbi exchange rate were among factors leading to the decline, but he said he expects the renminbi's internationalization to continue.

“Despite the slowdown, RMB internationalization will continue to benefit from major financial infrastructure milestones, such as CIPS (China International Payment System) for cross-border clearing and additional RMB offshore clearing centers," said Moon.

CIPS was launched by the Chinese central bank in 2015. Known as the worldwide payments superhighway for the renminbi, it connects China with most offshore renminbicenters and increases global usage of the currency by cutting transaction costs and processing time.

In 2016, an agreement was signed between CIPS and SWIFT to grow renminbi payments traffic outside China. Moon said this agreement will have a positive impact on the continued internationalization of the currency.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
永州市| 洪洞县| 阿鲁科尔沁旗| 河间市| 琼中| 东乡族自治县| 家居| 白水县| 洞口县| 乌兰察布市| 大同县| 广南县| 贵溪市| 阿图什市| 万源市| 沭阳县| 同德县| 项城市| 翁牛特旗| 余庆县| 同江市| 习水县| 永吉县| 汉源县| 定兴县| 夏邑县| 南木林县| 松溪县| 金川县| 河津市| 竹山县| 拉孜县| 万荣县| 惠安县| 贺州市| 沙田区| 东宁县| 竹山县| 小金县| 甘谷县| 台北市|