日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
World / China-Africa

China, Kenya launch direct cash exchange

By FIONA XIAOJUN GUO in Nairobi (chinadaily.com.cn) Updated: 2016-07-14 04:26

China, Kenya launch direct cash exchange

Ambassador Liu speaks in the forum.Photo/Liu Hongjie

Direct cash exchange between the Chinese yuan and the Kenyan shilling was officially launched on Wednesday as Kenya's CfC Stanbic Bank became the first bank in the country to make the currency available at its branches to facilitate trade between China and Kenya.

Chinese Ambassador to Kenya Liu Xianfa and CfC Stanbic Bank Chief Executive Philip Odera, completed the first two transactions at the CfC Stanbic Bank's Chimoro branch in Nairobi, the capital of Kenya.

"Financial cooperation between China and Kenya is seeing an accelerated growth," Liu said. "Promoting the internationalization of RMB in Kenya is a win-win situation for both Kenya and China."

China, Kenya launch direct cash exchange

Ambassador Liu and Mr. Odera pose for a photo after completing the first two transactions.Photo/Li Baishun

Adam Jones, head of personal & business banking of CfC Stanbic Bank Kenya, said that direct exchange between the RMB and the Kenyan shilling will "further and develop the trade and business opportunities and potential that exist between Kenya and China."

Direct exchange between the RMB and the Kenyan shilling is a major step in China's integration into the global financial system. RMB is the world's fourth most-used payments currency, and has been officially included in International Monetary Fund's Special Drawing Rights (SDR) Basket since last year.

China, Kenya launch direct cash exchange

Ambassador Liu exchanges Chinese yuan into Kenyan shilling at CfC Stanbic Bank Chimoro Branch.Photo/Li Baishun

At present, Kenyans seeking to trade with China are required to acquire foreign currency such as the US dollar which they then convert to the Chinese yuan. CFC Stanbic Bank plans to simplify Sino-Kenya trade by offering yuan currency directly without having to undergo multiple foreign currency transactions.

CfC Stanbic Bank is one of the largest banks in Kenya, owned by Standard Bank, the largest bank in Africa in terms of asset. In 2008 the Industrial and Commercial Bank of China (ICBC) acquired a stake of about 20 percent in Standard Bank, becoming its largest shareholder.

China is Kenya's largest trading partner and Kenya's top source of imports. In 2015, bilateral trade revenue between China and Kenya gained 20 percent to $6.16 billion. The number of ongoing engineering projects contracted by Chinese firms has grown to 172, reaching total revenue of $9.5 billion, an increase of 173 percent. Newly contracted projects number 48, with revenue totaling $2.25 billion, a 127 percent increase. Chinese investments in Kenya has seen a 37.6 percent rise to $320 million.

Kenya has become China's sixth-largest trading partner in Africa, ranking 64th among China's trading partners, up from 88.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 免费成人深夜 | 免费看日韩av| 中文字幕av片 | 李宗瑞91在线正在播放 | 性欧美少妇 | 男人的天堂影院 | 在线视频a | 国产亚洲欧美一区二区 | 精品久久久久久久久久久aⅴ | 国产精品久久久久久久久久久久久久 | 午夜影院体验区 | 亚洲一区二区三区免费观看 | 亚洲最大的黄色网址 | 天天干天天透 | 久久久久女教师免费一区 | 欧美三级三级三级爽爽爽 | 免费av网站在线 | 欧美成人午夜免费视在线看片 | 亚州久久久 | 97福利视频 | 日韩中文字幕网 | 69xxx免费视频 | 国产精品免费一区 | 97操碰 | 日韩欧美黄色片 | www.精品 | 天堂俺去俺来也www久久婷婷 | 黄色资源在线 | 天堂网视频在线 | 爱情岛论坛亚洲自拍 | 99精品一区二区三区的区别 | 国产三级中文字幕 | 亚洲千人斩| 精品久久久久久亚洲精品 | 91爱爱爱爱 | 欧美日韩在线免费观看 | 男人的天堂欧美 | 激情五月色婷婷 | 国产亚洲精品精品精品 | 亚洲日日干 | 亚洲精品白浆高清久久久久久 |