Tags: China | Raise | World | Profile | Currency

China Plans to Raise World Profile of Currency

Friday, 04 Mar 2011 07:13 AM

China hopes to allow all exporters and importers to settle their cross-border trades in the yuan by this year, the central bank said on Wednesday, as part of plans to grow the currency's international role.

In a statement on its website www.pbc.gov.cn, the central bank said it would respond to overseas demand for the yuan to be used as a reserve currency. It added it would also allow the yuan to flow back into China more easily.

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China hopes to allow all exporters and importers to settle their cross-border trades in the yuan by this year, the central bank said on Wednesday, as part of plans to grow the currency's international role. In a statement on its website www.pbc.gov.cn, the central bank...
China,Raise,World,Profile,Currency
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2011-13-04
Friday, 04 Mar 2011 07:13 AM
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