Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP
Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP
Yuan
Money /  Wealth

China’s yuan more popular as reserve currency despite trade war, IMF data shows

Yuan’s share of global foreign exchange reserves rose to 1.84 per cent in the second quarter, as many central banks looked past US-China trade war

Topic |   Yuan
Karen Yeung
Karen Yeung

Updated: 11:24pm, 2 Oct, 2018

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Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP
Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP
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