Renminbi surpasses euro as second-largest trade finance currency in June

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] The Chinese renminbi became the second-largest trade finance currency in June, exceeding the euro, while retaining its position as the fourth most active payment currency, according to data compiled by global financial messaging platform Swift. The renminbi’s share as a … Continue reading Renminbi surpasses euro as second-largest trade finance currency in June