Caixin
Aug 17, 2020 05:40 PM
OPINION

PBOC: Yuan Plays Positive Role in Global Monetary System

China’s yuan internationalization was further developed in 2019 as the yuan was increasingly used in cross-border payment and financing worldwide. More foreign central banks held yuan-denominated assets as reserves, and the yuan witnessed remarkable progress as an invoicing currency. The yuan played a positive role (link in Chinese) in the international monetary system.

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