MNB welcomes the launch of direct trading between RMB and HUF on the onshore Chinese foreign exchange market

Budapest, 12 December 2016 - From December 12, 2016 the direct trading between RMB and HUF is launched on the onshore Chinese foreign exchange market. The direct trading between the currencies can support bilateral trade and investment and facilitate the use of RMB and HUF in cross-border trade and investment settlement and could lower currency conversion cost.

The Magyar Nemzeti Bank (the Central Bank of Hungary) welcomes the launch of the direct RMBHUF trading and supports the development of bilateral financial and economic relations.

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.