Mainland and Taiwan to Drop US dollars as Currency of Clearing

Discussion in 'China' started by ShabiKB, Dec 17, 2012.

  1. ShabiKB

    ShabiKB Tihar Jail Banned

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    蔡明兴:人民币台币直接结算协议将于近期颁布-财经网

    [​IMG]

    The trade across the strait surpassed 160 billion US dollars last year, dropping US dollars as currency for balance clearing,
    will save a lot in the cost of both sides.

    The most beneficial side is Taiwan, they will not only save a lot of money in the so called "currency restocking ", but also can they
    increase export to ASEAN counties via Mainland China's channel.

    The moral of this story is, if rupee can be stabilized, we can set up a similar currency exchange mechanism.
     
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