China has done most of what it takes to pave the way for expanded usage of yuan
globally, central bank governor Zhou Xiaochuan told a press conference on the sidelines of the first session of the 13th National People's Congress, Xinhua reported .
has undergone the artificial insemination procedure before, resulting in the birth of the pair's cub Yuan
Zai on July 6, 2013.
This means Pakistani and Chinese banks will, in the course of time, be able to open import letters of credit in rupees and yuan
(also known as renminbi, or RMB).
Economists claim that the yuan
is apparently becoming one of the world's major reserve currencies, such as the US dollar or the euro.
The suggestion to use yuan
directly, instead of using US dollars as an intermediary currency, was made by deputy-director of Guangdong province Ouyang Weimin during a visit to the province by Cambodian Minister of Commerce Pan Sorasak on Friday.
It further said both public and private sector enterprises (ie both Pakistanis and Chinese) are free to choose yuan
for bilateral trade and investment activities.
In fact, the yuan
is not the only currency that is allowed to be used for settlement of cross-border trade and investment.
The deal was aimed at facilitating commercial exchanges between the Euro-zone and China by giving European banks access to 350 billion yuan
The article here will explain why the yuan
won't be floated anytime soon, and how the PBOC uses it various monetary tools to support the yuan
Second, although the yuan
is extensively used for local sales and procurement in China, Japanese overseas subsidiaries in China mainly use the US dollar and, to a lesser extent, the yen in trade with other countries.
In 2015, Yin Group's revenue stood at 477 million yuan
, while net profit was 112 million yuan
-joining-imfs-basket-reserve-currencies-called-historic-moment-celebrations-some-2205298) International Monetary Fund (IMF) put the yuan
in its basket of reserve currencies known as Special Drawing Rights (SDR).
With this week's ticket sales hitting 181 million yuan
(28 million U.
Aeon Life, Dalian Yifang Real Estate and Jiangxi Hengmao Real Estate will jointly establish the new asset management company with registered capital of 100 million yuan
North Sulawesi, Indonesia, Oct 6, 2015 - (ACN Newswire) - Bank Indonesia (BI) welcomes the idea of making China's yuan
as an alternative official international currency to US dollar.