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Central banks up reserves of RMB to a high By CHEN JIA | China Daily | Updated: 2021-07-02 08:12 Share CLOSE
5-year record shows Chinese yuan s internationalization progressing well
Central banks around the world are holding record levels of reserves in Chinese yuan, according to IMF data.
Analysts said the current five-year high marks another step forward for the Chinese currency s internationalization, a process that began a few years back.
In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday.
Central banks up reserves of RMB to a high
1 2021-07-02 08:56:22China Daily
Editor : Mo Hong e
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A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. （Photo/China News Service）
5-year record shows Chinese yuan s internationalization progressing well
Central banks around the world are holding record levels of reserves in Chinese yuan, according to IMF data.
Analysts said the current five-year high marks another step forward for the Chinese currency s internationalization, a process that began a few years back.
In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday.
Central banks up reserves of RMB to a high-Eastday eastday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastday.com Daily Mail and Mail on Sunday newspapers.
Last Updated: 27 May 2021
Apple has listed a new job posting stating that it is looking to hire a business development manager with experience in the crypto sector. The new manager will head the firm’s alternative payments partnership program.
The job posting also stated that the candidate needed to have at least a decade of experience in the sector and more than six years working in business development for a financial services firm.
Launching an Alternative Payments Division
The interesting part of the posting is that the individual needed more than five years of experience working with alternative payment providers. However, this was not a confirmation of what Apple was planning to do, but it was an indication that the tech giant may be looking into cryptocurrencies.