RMB And New Zealand Direct Trading Started

New Zealand Prime Minister John Ki visited China on 18 and received an exclusive interview with reporters on 19. At 9:15 on the 19 th, the central bank [micro-blog] authorized the foreign exchange trading center to announce the central parity of RMB against the New Zealand dollar on that day. This means that people can see the RMB's listing rate for New Zealand dollar in the designated foreign exchange banks from now on.

RMB and New Zealand currency can no longer be introduced through "matchmaker" so you can come to me. John, one of the people who announced this good news, said that New Zealand's position in China is far more than just a place to sell goods. New Zealand regards China as a "partner".

　　 John Ki The direct transaction between the RMB and the New Zealand dollar should be a matter of course. China New Zealand free trade area The negotiations were launched in November 2004, and the first FTA negotiations between China and developed countries.

As a former foreign exchange investment manager, Johnski pointed out the impact of this new move on ordinary customers in China and Singapore: cost saving.

John key: in the past, the renminbi and New Zealand Dollar The exchange rate pricing is based on the conversion rate of the US dollar as the "intermediary", and the direct transaction of RMB to New Zealand dollar is conducive to promoting the personnel exchanges between the two sides, including work, study and tourism. It will greatly facilitate students studying abroad and reduce the transaction cost of currency exchange to a certain extent.

The huge volume of trade, the US dollar settlement media not only increased the cost of settlement transactions, but also made the profit of struggling enterprises exposed to uncontrollable dollar exchange rate risks. It is estimated that only one transaction cost after the direct transaction starts will save billions of dollars per year.

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RicardoQuijano, Minister of Commerce and industry in Panama, said that after continuing to communicate with the Columbia government, the related product tax rate has indeed been slightly lowered, but it still has a considerable gap with Panama's expectations. Columbia hopes to respect the relevant norms of the World Trade Organization (WTO).

In addition, Panama has reported the improper tariff barrier measures to Columbia before WTO. WTO has begun to analyze the trade dispute in early January of this year, and it is expected that it will take about 4 months to expect a preliminary ruling.