Chinese Yuan Surpasses Euro, Becomes Second Main SWIFT Currency
China is aggressively pushing its native currency, the Chinese Yuan, to compete against the US dollar, Euro, Pound, and other local currencies. In a first, the Chinese Yuan surpassed the Euro becoming the second main currency in SWIFT transactions. Euro’s use in international SWIFT payments is at its 3-year low while the Chinese Yuan is at its 5-month high.
https://watcher.guru/news/...
China is aggressively pushing its native currency, the Chinese Yuan, to compete against the US dollar, Euro, Pound, and other local currencies. In a first, the Chinese Yuan surpassed the Euro becoming the second main currency in SWIFT transactions. Euro’s use in international SWIFT payments is at its 3-year low while the Chinese Yuan is at its 5-month high.
https://watcher.guru/news/...
BRICS: Chinese Yuan Surpasses Euro, Becomes Second Main SWIFT Currency
BRICS: The Chinese Yuan surpasses Euro to become the second biggest SWIFT currency in cross-border transactions.
https://watcher.guru/news/brics-chinese-yuan-surpasses-euro-swift-currency
04:48 AM - Oct 25, 2023
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