Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP

China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank

  • Transactions worth US$2.65 trillion were cleared in the zone last year, says Guangzhou branch of People’s Bank of China
  • Cross-border electronic billing could making lives of development zone residents more convenient, central bank says

Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
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