Fri, Aug 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Yuan tops Euro as second most used trade-finance currency

Posted on 04 December 2013

China’s yuan overtook the euro to become the second-most used currency in global trade finance in 2013, according to the Society for Worldwide Interbank Financial Telecommunication.
The currency had an 8.66% share of letters of credit and collections in October, compared with 6.64% for the euro, Swift said in a statement on Tuesday. China, Hong Kong, Singapore, Germany and Australia were the top users of yuan in trade finance, according to the Belgiumbased financial-messaging platform……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31