Chine : vers une monnaie convertible et d’usage international

Photo : F. Descheemaekere ©

System to promote yuan use globally

[ChinaDaily]

New trading platform expected to enhance cross-border settlements

A system to settle cross-border yuan payments and boost the convertibility of the currency will be set up, central bank officials said on Wednesday. The move will promote the international use of the yuan, analysts said. The China International Payment System will be established in one or two years. It will make yuan clearance safer and more efficient for cross-border trade and investment settled in the currency, said Li Bo, head of the central bank's second monetary policy department, at a news briefing in Beijing.
The system will help gradually make the currency convertible and will facilitate wider use of the yuan in cross-border settlements, Li said.

Lire : europe.chinadaily.com.cn