Yuan overtakes dollar to become most-used currency in China's cross-border transactions
Edited By WION Video Desk
Published: Apr 27, 2023, 02:25 IST | Updated: Apr 27, 2023, 02:25 IST
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier. The volume of cross-border transactions covers both the current and capital accounts.
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