Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People's Bank of China Shanghai head office said on Wednesday. Shanghai ...

The People's Bank of China has reported a significant increase in the use of the yuan for cross-border trade ... as the fourth most widely used payment currency globally. The dominance of the ...

A foreigner can bring cash and change it at the Bank of China for RMB. Foreign money can be exchanged in China through traveler's cheques, currency conversion at banks and hotels. Credit cards can ...

More global financial institutions are joining China’s cross-border interbank payment system amidst the renminbi’s rise as a trade currency, according to financial analysts. "We’ve noticed a ...

So far, China has forged a remarkable and unique path in making the renminbi a global currency. This becomes clear in Prasad’s description of how ... and in China’s expansion of political and economic ...