On April 17, Beiyuan Group successfully signed the first contract for the euro settlement business of 742 tons of flake alkali, marking a new breakthrough in the company's multi-currency settlement business of export trade, and has positive significance in broadening export settlement business and improving export trade management.
As the world's second largest trading currency, the euro plays an important role in international trade settlement. Since the beginning of this year, Beiyuan Group has worked hard to overcome the downward impact of the market, seize early and act quickly, deeply study relevant knowledge of euro settlement, straighten out relevant business processes, actively communicate and coordinate with local foreign exchange management departments and banking institutions, and successfully open the euro account settlement function. Lay the foundation for developing euro settled export trade business and play an important role in broadening multi-currency settlement channels, improving the economy's ability to resist risks, reducing currency risks, and avoiding exchange rate fluctuations. It is also conducive to opening up the European market. Source: Beiyuan Group