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YUAN’S HUGE RISE TO GLOBAL CURRENCY

Published On 10 Jan 2020 03:03 PM


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The effect of the Chinese currency Yuan on the global economy is huge. However, its presence in the global financial market is still a matter of question.

A recent survey done by the Bank for International Settlements revealed that in terms of foreign exchange markets turnover, the yuan ranked eight most traded currency and is just after Swiss Franc. Yuan has a total share of 4.3%. As per the survey, the dollar still remains the domi....


Tags : currencies, yuan, dollar, global currency, Chinese,
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