China's Hunan explores local currency settlement for trade with African countries Central China's Hunan province has conducted trials of local currency settlement to help African countries ease the pressure of cross-border settlement due to foreign exchange shortage trade Settlement currency Hunan ...
In a video address to the Global South Local Currency Cooperation Forum held on Tuesday, Tao Ling, deputy governor of the People's Bank of China, said that local currencies used in cross-border trade and investment activities would help reduce foreign exchange costs, mitigate currency risks, fac...
You pay for the car by banker's draft in thelocal currency. 以本币银行汇票支付车款。 柯林斯例句 I am sure you will need some cash inlocal currency. 我相信你会需要一些当地货币的现金. 互联网 We have enoughlocal currencyto exchange some money for you. ...
We have enoughlocal currencyto exchange some money for you.───我有足够的当地钱,可以给您换一些. Many countries charge departure tax in U.S. dollars rather thanlocal currency.───许多国家在征收离境税时收取美元而不是本国货币。 France and French Guiana as thelocal currencyis the euro.──...
30 (Xinhua) -- Monetary Authority of Singapore (MAS) and the Bank of Japan on Wednesday announced the establishment of a bilateral local currency swap agreement, said MAS in a media release. MAS said the swap agreement is effective as of Wednesday, for a term of three years. This ...
(FMO). FMO, together with the ten other contributors, has contributed $329 million to the fund. The Currency Exchange Fund (TCX) allows banks and businesses to lend in local currencies, mitigating the risk of devaluations and currency crises....
She also stated that "the exchange of technical and specialized teams of the central banks of the two countries with the aim of developing and deepening monetary and banking relations are considered important in this regard, which has already been done." ...
The framework enables the Appointed Cross Currency Dealer (ACCD) banks to facilitate current account transaction between Indonesia and Korea in their local currencies, and to reduce costs for businesses and other users. This includes, among others, promotion of the direct quotation between the Indones...
Banks between foreign and local currency, foreign currency and foreign currency exchange to charge a redemption fee, and in Exchange, the Bank is "cash price" into, instead of the "exchange offer" Exchange, prices to be lower than the price after many before, depositors will have a certain ...
● More efficient exchange rates without the need to convert currency to USD, with direct quotes for CNY transactions against Rupiah. ● Faster, easier and safer transaction settlement. Remittances within the ICBC group are made through an internal clearing system, which costs less than trad...