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Bangkok Post

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China to work with Asian nations to grow use of local currencies in trade

China Yi Gang Beijing

People walk past the headquarters of the People's Bank of China, the central bank, in Beijing on Sept 28, 2018. (Reuters photo)

BEIJING: China will work with Asian countries to beef up use of local currencies in trade and investment, Yi Gang, the governor of the central bank, said on Wednesday, as part of plans to strengthen regional economic resilience.

Recent years' progress by emerging Asian nations in using local currencies in trade and investment has strengthened the region's financial safety net against external shocks, Yi told an event of the G20 grouping.

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