Core Viewpoint - The International Air Transport Association (IATA) announced the addition of the Chinese Yuan (RMB) as a settlement currency for its Clearing House (ICH), set to launch in December 2025, following a trial phase [1][2] Group 1: Currency Addition and Benefits - The RMB settlement option will significantly benefit airlines operating in China by reducing exchange rate risks and simplifying local supplier access processes, leading to cost reductions and efficiency improvements [1] - China Southern Airlines and Xiamen Airlines will be the first to pilot the RMB settlement in November 2025 [1] - The IATA Clearing House currently supports seven currencies, including USD, EUR, GBP, CHF, SGD, AUD, and JPY, with a settlement amount projected to reach $63.8 billion in 2024 [1] Group 2: Industry Response - The Chief Accountant of China National Aviation Holding Company expressed support for the RMB settlement option, highlighting it as a positive development for the Chinese aviation industry [1] - The IATA's Senior Vice President of Products and Services noted that the introduction of RMB settlement is a crucial step in enhancing financial services for member airlines without incurring additional costs [2] - There has been a positive market response to the new settlement option, indicating strong demand for improved financial services within the industry [2]
国际航协清算所新增人民币作为结算货币
Xin Hua Cai Jing·2025-11-05 04:14