"While in college, I never expected that the yuan would become such an important international currency one day," said 31-year-old Xuan Fangyu in Shenzhen.
Xuan works for Hytera, conducting foreign exchange derivatives to help the telecom equipment maker avoid foreign exchange losses.
Xuan said she earlier advised overseas customers to settle in RMB when the Chinese currency appreciated against the U.S. dollar.
"In the earlier period, customers did not trust RMB and were not willing to accept yuan settlement," said Xuan. "But over the past two years, things have changed and many customers, particularly those from the southeast Asia, even proposed to settle in yuan themselves."
In July 2009, China approved pilot program for cross-border trade settlement in RMB, embarking on the internationalization process of the Chinese currency.
The yuan was the fifth most active currency for global payments by value in July, with a share of 1.9 percent, an increase from 1.72 percent in June, according to data from global transaction services organization SWIFT.
China's central bank said on Saturday that the country will continue to push forward financial reforms and market opening after the RMB's SDR inclusion. The SDR is an international reserve asset created by the IMF in 1969 to supplement its member countries' official reserves. It can be exchanged among governments for freely usable currencies in times of need.
【国内英语资讯:China Focus: RMBs SDR inclusion hailed by China business, analyst】相关文章:
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