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RMB Overtakes Euro in Trade

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Add date: 2016-11-25 Hits:95

Core prompt: China's Yuan has surpassed the EURO to become the world's 2nd-most widely used currency in global trade finace, China Daily reported. The yuan captured an 8.66% share of letters of credit

RMB Overtakes Euro in Trade

China's Yuan has surpassed the EURO to become the world's 2nd-most widely used currency in global trade finace, China Daily reported. The yuan captured an 8.66% share of letters of credit and collections in October, while the euro's was 6.64% and the most widely used US dollar was 81.08%.

Written by Dora Men

keywords: RMB, economy

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