Left Review Online August 31, 2024
The yuan is accounting for a growing share of international payments. This mirrors a steady progress in the yuan's internationalization, which helps diversify payment options, and gives the market more scope to adjust against the risk of dollar fluctuations, at a time when investors continue to firm up...More
The Chinese yuan has maintained a high ranking on a currency internationalization gauge last year, with an annual average of 6.27 points, up 22.9 percent year-over-year, news report shows. The 2024 Annual Report of Renminbi Internationalization, developed by Chinese Renmin University's International Monetary Institute, was released on Saturday....More