Posted inOpinion

China’s currency globalization may gain momentum in 2024

In 2023, China’s currency the renminbi, or yuan, achieved a remarkable surge in its cross-border use, marking a significant departure from its historically stagnant global payment share.  Since China initiated efforts to internationalize its currency in 2004, the yuan’s share in global payments had hovered around 1.9%.  However, in a surprising turn of events, this […]

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