In this undated photo, a Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC VIA CHINADAILY.COM.CN)
BEIJING - The business volume of cross-border payments of the Chinese currency renminbi grew rapidly in 2021, a report from the People's Bank of China showed.
ALSO READ: China explores digital yuan for cross-border transactions
Last year, over 3.34 million transactions were handled through China's RMB cross-border payment system, surging 51.55 percent year on year, according to the central bank.
READ MORE: 'Offline payment services' added to digital currency trials
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.
Copyright 1995 - 2023. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
![]() |
![]() |
CHINA DAILY HONG KONG NEWS |
OPEN |