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

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / 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.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲成人av免费观看 | 欧美一级在线 | 国产第五页 | 国产精品一区二区三区免费视频 | 97色综合 | 成年人在线观看免费视频 | av撸撸在线| 久久五月综合 | 国产精品国产三级国产普通话蜜臀 | 黄色福利 | 在线观看日本黄色 | 男人av资源| 免费午夜av| 黄色片毛片 | 久久av资源 | 日韩video| 久草a在线 | 国产精品精品 | 亚洲第一视频在线播放 | 久久网站精品 | 国产精品国产三级国产a | 亚洲欧美在线综合 | 成人在线观看网址 | 日韩中文字幕在线观看视频 | 国外av在线 | 中文字幕av不卡 | 亚洲小说网 | 热久久免费 | 艳母免费在线观看 | 久久伊人影视 | 日本激情久久 | 又色又爽 | 伊人精品在线观看 | 中文字幕有码在线 | 亚洲欧美在线免费观看 | 一区二区三区国产 | 男女羞羞免费视频 | 一级做a爱片久久毛片 | 黄色高清在线观看 | 天天狠狠 | 激情福利视频 |