Yuan Hits Milestone in Trade Finance Deals – Wall Street Journal
Bloomberg |
Yuan Hits Milestone in Trade Finance Deals
Wall Street Journal China's burgeoning influence on the world economy reached a milestone as use of the yuan in trade finance overtook the euro and the yen. Importers and exporters used China's currency for 8.7% of their financing agreements with trade partners in October … Yuan Passes Euro as 2nd-Most Used Trade-Finance Currency China's yuan surpasses euro as 2nd most-used currency in trade finance: SWIFT Chinese yuan becomes 2nd most used currency for trade finance |
