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Pakistan's Central Bank Approves Chinese Currency To Settle Bilateral Trade
Jan 04, 2018

ISLAMABAD, January 3 (Xinhua) The National Bank of Pakistan (reporteer:Liu Tian) issued a statement in which it approved traders to use the renminbi as a settlement currency in bilateral trade with China on Jan.2nd.


The statement said that both the public and private sectors of the two countries are free to choose to use the renminbi in bilateral trade and investment activities, and that the National Bank of Pakistan has enacted regulations to promote the use of the renminbi in trade and investment.


The statement also said that in view of the recent development of the world and regional economy, especially the rapid progress of the construction of China-Pakistan Economic corridor, it is expected that the renminbi-denominated trade will increase sharply, which is in the long-term interest of both countries.


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