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Cryptopolitan 2023-04-26 20:54:04

Chinese Yuan gains ground in cross-border payments, US Dollar share declines

A recent Bloomberg Intelligence (BI) analysis, based on data from the State Administration of Foreign Exchange, reveals that the Chinese Yuan now accounts for 48% of China’s cross-border payments and receipts, up from virtually zero in 2010. This marks a new record high for the local currency. Dollar’s share declines Meanwhile, the US dollar’s share … Chinese Yuan gains ground in cross-border payments, US Dollar share declines Read More »

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