ANALYSIS OF THE LOCAL CURRENCY SETTLEMENT AND BILATERAL INTERNATIONAL TRADE BETWEEN CHINA AND NIGERIA.
- International Business School, Gengdan Institute of Beijing University of Technology, Niulanshan, Shunyi District, Beijing 101301.
- Abstract
- Keywords
- References
- Cite This Article as
- Corresponding Author
With the vertical deep development of the ?Belt and Road?and the rising international status of RMB after its accession to the SDR, African countries such as Nigeria have now used the RMB as a settlement tool, which has far-reaching impact on international trade between China and African countries. This paper uses SWOT method to analyze the strengths, weaknesses, opportunities and threats of local currency settlement between China and Nigeria. Meanwhile, it uses comparative analysis method to compare the trade differences before and after the docking of RMB and Naira, and discusses the impact Sino- Nigerian local currency exchange caused on other African countries and their currencies.
- Ma Guang-qi, Yao Yan. The Promotion Strategy of RMB from ? Silk Road Currency? to ?World Currency? under the? Belt and Road? Background[J]. ECONOMIST 2018(08):60-66.
- QiaoYide, GeJiafei. Reassessing RMB?s Inclusion in the SDR Basket[J].International Economic Review 2015(3):35-45, 4-5.
- Ikenna Henry Osuiwu, Research on China-Nigeria Economic and Trade Development[D].Anhui University, 201.
[Hanbo Wang. (2019); ANALYSIS OF THE LOCAL CURRENCY SETTLEMENT AND BILATERAL INTERNATIONAL TRADE BETWEEN CHINA AND NIGERIA. Int. J. of Adv. Res. 7 (May). 1396-1401] (ISSN 2320-5407). www.journalijar.com
International Business School, Gengdan Institute of Beijing University of Technology
