Tue, 03 Dec 2013 10:47:04 GMT
China's Yuan becomes world's second most-used global trade currency
The Chinese currency took the second spot in a ranking of the most-used global trade currencies in 2013 overtaking a spot of the 17-nation bloc currency and ranked behind the U.S. Dollar, a report published by the Society for Worldwide Interbank Financial Telecommunication showed on Tuesday. According to the report, the Yuan recorded a share of 8.66% of letters of