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

Topic |   Yuan

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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
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