本币结算 local currency settlement 中方建议扩大本组织国家本币结算份额,拓展主权数字货币合作,推动建立本组织开发银行。 China proposes that the SCO scale up local currency settlement between member s...
The MoU on establishing a framework for using local currencies is to promote using the Indian rupee (INR) and the UAE Dirham (AED) for cross-border transactions by putting in place a Local Currency Settlement System (LCSS) which includes the Indian rupee and the UAE Dirham. The agreement co...
said Pan Gongsheng, vice-governor of the People's Bank of China, the country's central bank, in early March. The nation will further improve its trading and settlement system for cross-border investment and financing using the curre...
"Mechanisms, such as a multilateral currency settlement system, are also a prerequisite for local currency settlement to take off among SCO member countries," Xi said.At the BRICS Summit in August, attendees stressed the importance of encouraging the use of local currencies in international trade ...
Step 2: For currencies that prove to be popular during Step 1, implementing local currency settlement and rate guarantee functions, measuring usage rates of these, followed by a survey collecting the reasons for users selecting local currency settlement or guaranteed exchange rate, and whether they ...
Indonesian Finance Minister Sri Mulyani Indrawati (L, front) gives a speech during the opening ceremony of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Jakarta, Indonesia, Feb. 17, 2022. Indonesia will promote the use of local currency settlement (LCS) in cross-bor...
● 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...
● 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...
All members of the Asian Clearing Union have agreed to move towards local currency settlement in a bid to reduce dependence on the US dollar.
BEIJING, Sept. 6 (Xinhua) -- The central banks of China and Indonesia on Monday launched a cooperation framework for promoting the use of local currencies for the settlement of bilateral trade and direct investment between the two countries. ...