Money

Sri Lanka designates RMB for banking transactions

(Xinhua)
Updated: 2011-06-30 17:05
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small

COLOMBO, Sri Lanka - Sri Lanka's Central Bank said in a release Thursday that the Monetary Board has decided to include the Chinese yuan or Renminbi in the list of designated currencies permitted for international transactions through banks in Sri Lanka.

Related readings:
Sri Lanka designates RMB for banking transactions Experts: China's yuan will go global
Sri Lanka designates RMB for banking transactions Cross-border yuan trade to boost liquidity
Sri Lanka designates RMB for banking transactions Senior banker calls for more yuan settlements
Sri Lanka designates RMB for banking transactions 
Cross-border renminbi trade grew 13 times in 2010

Accordingly, the public can now undertake all permitted transactions in foreign currency in Renminbi with banks authorized for such transactions, said the release.

The other currencies in the designated list are Australian Dollar, Canadian Dollar, Danish Kroner, Euro, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar, Swedish Kroner, Swiss Franc and United States Dollar.

The release said China is recognized Thursday as the world's second largest economy, while also being a leading player in international trade, investments, and foreign reserves, pointing out that China also enjoys extensive economic connections with many countries, as a result of which the Renminbi has been gradually evolving as a globally acceptable currency.

It said since Sri Lanka too has a growing volume of trade and investments transactions with China, the use of the Chinese currency Renminbi in banking transactions would significantly facilitate such trade and investments.

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
分享按钮