In March of this year, the proportion of RMB cross -border settlement in China surpassed the US dollar for the first time, reflecting Beijing's efforts that Beijing has gained internationalization for internationalization.
Reuters on Wednesday (April 26) According to statistics from the State Administration of Foreign Exchange, the RMB surpassed the US dollar for the first time in March and became the most widely used cross -border transaction currency in China.
According to statistics, the amount of RMB cross -border revenue and expenditure in China increased from US $ 434.5 billion (S $ 58.1 billion) in February to US $ 549.9 billion in March, a new high.The use of RMB in all cross -border transactions accounts for about 48.4%, and the proportion of US dollars is reduced from 48.6%to 46.7%from the previous month. Among them, the transaction volume covers regular accounts and capital accounts.
China has always actively promoted the RMB as a cross -border settlement to promote the internationalization of the RMB.Although the utilization rate of RMB in cross -border transactions has risen steadily, the usage rate of RMB is still low in the global trade and financial system.
According to data from the International Settlement System Global Bank Financial Telecom Association (SWIFT), the total proportion of currency transactions in global trade finance in March this year accounted for 4.5%, and the US dollar accounted for 83.71%.
