China's RMB cross-border payments soar in 2021: report
The business volume of cross-border payments of the Chinese currency renminbi (RMB) grew rapidly in 2021, a report from the People's Bank of China showed.
Source: Xinhua
The business volume of cross-border payments of the Chinese currency renminbi (RMB) grew rapidly in 2021, a report from the People's Bank of China showed.
Last year, over 3.34 million transactions were handled through China's RMB cross-border payment system, surging 51.55 percent year-on-ear, according to the central bank.
The total value of these transactions stood at 79.60 trillion yuan ($12.53 trillion), jumping 75.83 percent from a year earlier.
On average, some 13,400 transactions were processed daily last year, with an amount of 318.4 billion yuan, the report stated.
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