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
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
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Yuan
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