The Bank of China (BOC) Cross-border RMB Index (CRI) increased 42 points from July to stand at 321 in August, hitting a record high since 2013, BOC said in Kunming, capital city of southwest China's Yunnan province.
BOC said that RMB had been more widely used in cross-border settlement and overseas payment, and RMB internationalization maintained a good posture.
BOC released the CRI on September 20 of 2013 for the first time, which is an indicator of the RMB currency's activities in cross-border and overseas transactions. The BOC is the country's major channel for the RMB's cross-border circulation and has been working on the popularization of the currency as China seeks to promote the use of the currency in the global market.
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