Indeed, a survey by a commercial bank 2 has revealed that 17% of SMEs engaged in business with China already settle their accounts in renminbi. Another 11% are said to be planning to switch their invoices to the Chinese currency. These enterprises are hoping to gain advantages in price negotiations as well as better market access.
On behalf of the Central Bank of Seychelles, it is an honour to officially welcome you to the 28th Annual meeting of the SADC Committee of Central Bank Governors ICT Subcommittee and the BCM parallel meeting.