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Yunnan's cross-border yuan settlement tops China within 2 years

By : InKunming | Published: 2012-August-1

Yunnan's cross-border RMB settlement has totaled 39.7 billion yuan with a settlement ratio of 98 percent since July in 2010, ranking first in China, according to the province's financial office.

Yunnan has developed cross border trades with 26 neighboring countries and regions including some of its main trading partners within two years.

As introduced by a principal in Yunnan Financial Office, a RMB-dominated currency exchange trading center has been gradually formed. It is also available to exchange currencies of some surrounding countries in Yunnan, for instance, THB(Thai Baht) and Kip. The currency trading between RMB and Vietnamese Dong as well as Malaysian Ringgit is in the planning. (Editors:Lynn, Minnie Mao)

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