https://www.mondialnews.com/2025/06/18/china-set-to-boost-yuans-global-reach-with-new-operations-center-announces-pboc/
China is set to expand the international use of its currency with the establishment of a new operations centre, the People’s Bank of China (PBOC) announced. The move aims to enhance the yuan’s global reach amid growing efforts to strengthen China’s financial influence worldwide. According to the PBOC, the centre will play a crucial role in streamlining cross-border yuan transactions and supporting the currency’s integration into the international monetary system, signaling Beijing’s commitment to promoting the yuan as a key global currency.
China to Expand Yuan’s International Influence Through New Operations Centre
The People’s Bank of China (PBOC) has unveiled plans to establish a cutting-edge operations centre aimed at reinforcing the yuan’s standing as a global currency. This strategic move reflects Beijing’s ambitious drive to increase the use of the yuan in international trade and finance. By enhancing cross-border settlement capabilities and streamlining currency exchange…
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Author : Miles Cooper
Publish date : 2025-06-18 22:48:00
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