RMB Offshore Listing Pactions Help Shoe Enterprises To Reduce Exchange Rate Risk
December 17th hearing
Moscow
At 10 o'clock a.m. local time on December 15th, Chinese ambassador to Russian Federation Li Hui sounded the opening bell of the RMB's ruble listing on the Moscow foreign exchange exchange, and officially opened the history of the official listing of RMB outside China.
On the first trading day, a total of 9 banks made 29 RMB pactions, with a total turnover of 4 million 915 thousand yuan.
Trade experts point out that after the direct listing of the renminbi in Moscow, the banks will be greatly reduced.
enterprise
The exchange cost and exchange rate risk in economic and trade exchanges will help to improve the enthusiasm of RMB settlement in bilateral trade activities.
Mr. Su, a sportswear exporter from Ya Po Road, said that because of the volatility of the US dollar, he and his Russian trading partners often need to adjust the order price, even though they face higher exchange rate risk.
"In recent months, we have begun to adopt RMB pricing in some of the orders, which can save about 5% of the cost. With the RMB trading in Russia, it is expected that the other side will further improve the use.
RMB
The proportion of settlement. "
Mr. Su said.
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