Global use of Chinese currency expands
CGTN, 29 Apr 2023
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With China keen on opening up the financial sector and Chinese enterprises going global, international use of its currency, the renminbi (RMB), has widened. China has just imported the first shipment of liquefied natural gas paid in RMB, through the China National Offshore Oil Corporation and France's Total. The RMB has also surpassed the euro to become Brazil's second-largest international reserve currency, and is fast becoming a preferred settlement currency. What are the prospects for the RMB's broader global reach?
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https://www.cgtn.com/video
With China keen on opening up the financial sector and Chinese enterprises going global, international use of its currency, the renminbi (RMB), has widened. China has just imported the first shipment of liquefied natural gas paid in RMB, through the China National Offshore Oil Corporation and France's Total. The RMB has also surpassed the euro to become Brazil's second-largest international reserve currency, and is fast becoming a preferred settlement currency. What are the prospects for the RMB's broader global reach?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
