Financials Sep 18, 2021 06:35 PM (GMT+8) · EqualOcean
On September 18, the central bank issued the report on RMB internationalization in 2021. The report points out that in 2020, the amount of RMB cross-border collection and payment increased rapidly. The total amount of RMB cross-border collection and payment by banks on behalf of customers was 28.39 trillion yuan, a year-on-year increase of 44.3%, and the amount of collection and payment reached a record high. The overall balance of RMB cross-border revenue and expenditure, with a cumulative net outflow of 185.786 billion yuan throughout the year. In the first half of 2021, the total amount of cross-border collection and payment of RMB by banks on behalf of customers was 17.57 trillion yuan, a year-on-year increase of 38.7%.

This text is a result of machine translation.