Money
Sri Lanka designates RMB for banking transactions
Updated: 2011-06-30 17:05
(Xinhua)
COLOMBO, Sri Lanka - Sri Lanka's Central Bank said in a release Thursday that the Monetary Board has decided to include the Chinese yuan or Renminbi in the list of designated currencies permitted for international transactions through banks in Sri Lanka.
|
The other currencies in the designated list are Australian Dollar, Canadian Dollar, Danish Kroner, Euro, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar, Swedish Kroner, Swiss Franc and United States Dollar.
The release said China is recognized Thursday as the world's second largest economy, while also being a leading player in international trade, investments, and foreign reserves, pointing out that China also enjoys extensive economic connections with many countries, as a result of which the Renminbi has been gradually evolving as a globally acceptable currency.
It said since Sri Lanka too has a growing volume of trade and investments transactions with China, the use of the Chinese currency Renminbi in banking transactions would significantly facilitate such trade and investments.
Specials
Premier Wen's European Visit
Premier Wen visits Hungary, Britain and Germany June 24-28.
My China story
Foreign readers are invited to share your China stories.
Singing up a revolution
Welshman makes a good living with songs that recall the fervor of China's New Beginning.