Yuan overtakes US dollar, becomes most-used currency in cross-border transactions

SHANGHAI: Chinese Yuan becomes the most-used currency in cross-border transactions leaving behind the US dollar, according to official data.  According to a Reuters report, in March, the Chinese yuan became one of the most widely-used currencies for cross-border transactions in China leaving behind the US dollar for the first time in history. According to official … Continue reading Yuan overtakes US dollar, becomes most-used currency in cross-border transactions