The dollar falls behind the yuan for the first time in Chinese cross-border transactions

Filip De Mott 

Dollar vs. Yuan
  • The yuan overtook the dollar as the most used currency for Chinese cross-border transactions.
  • Its use in cross-border payments and receipts increased to 48% versus 47% for the dollar.
  • China is pursuing further use of the yuan to avoid currency mismatches in trade…….more here
Click here for reuse options!
Copyright 2023 Hiram's 1555 Blog

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.