The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock
The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock

China’s yuan continues to grow as an international currency, central bank says

  • ‘We expect more market participants will accept yuan as settlement and payment currency,’ People’s Bank of China says in annual report
  • Value of cross-border yuan payments and receipts rose 24.1 per cent in 2019 to 19.67 trillion yuan, it says

Topic |   Yuan
The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock
The value of cross-border yuan payments and receipts by banks on behalf of clients rose 24.1 per cent in 2019 to 19.67 trillion yuan. Photo: Shutterstock
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