Cross-border RMB use up over 20 pct in first eight months of 2024: report

BEIJING, Oct. 5 (Xinhua) -- The renminbi (RMB) has been used more frequently in cross-border trade in the first eight months of this year amid the growing presence of the Chinese currency in the global market, a central bank report showed.

The People's Bank of China's 2024 report on the internalization of RMB reported that cross-border RMB payments and receipts expanded 21.1 percent year on year to 41.6 trillion