China’s yuan continues to grow as an international currency, central bank says

//China’s yuan continues to grow as an international currency, central bank says

China’s yuan continues to grow as an international currency, central bank says

China’s central bank said it expects more countries to accept the yuan for cross-border payments and settlements amid growing concerns about the country’s high exposure to the US dollar.In its annual report on the internationalisation of the yuan, which was released on Friday, the People’s Bank of China estimated “rapid and robust growth” this year despite the impact of the coronavirus pandemic. Such expansion would help to consolidate the growth momentum seen since the yuan was added to the…

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By | 2020-08-15T09:05:19+00:00 August 15th, 2020|Headlines|Comments Off on China’s yuan continues to grow as an international currency, central bank says