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

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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.

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