PBOC Governor: China Continues to Pursue Yuan Internationalization for Cross Border Payments

The Peoples Bank of China is pushing to make the renminbi, popularly known as the yuan, an efficient international currency for international settlements. Pan Gongsheng, Governor of the Peoples Bank of China, reinforced that the institution is still promoting financial cooperation with the Global South. PBOC Governor: Yuan Internationalization Still an Objective for China China []