In the first half of this year, the amount of cross-border trade between the far western autonomous region of Xinjiang and the rest of the world that is being settled in RMB, has reached 10.2 billion yuan, 1.2 times the amount of trade settled in the Chinese currency last year. Since late Oct 2010, 12 banks operating in Xinjiang have offered business the ability to settle cross-border trade in RMB with 15 other countries.

Source
People\'s Daily

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