YUAN HAS OVERTAKEN EURO NOW !
Post By : Akhil Satheesh
Post Rank : 1413th
Category : Business
Sub Category : Marketing
24 Jan 2014
China’s Yuan has overtaken the euro to the second most used currency in int’l trade finance. The society for worldwide interbank financial telecommunication (SWIFT) said the market share of the Yuan in traditional trade finance reached 8.86 percent whereas euro is 6.64percent .the American dollar is still dominated with 81.08 percent. China, Singapore, Germany, Hong Kong and Australia are the top countries where Yuan is used .china; the second biggest economy promotes its currency to become a bigger role in global finance
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