01-August-2021
Economy News
 
Central banks will accelerate rise of China's yuan, global survey shows
22-Jul-2021

The Chinese yuan is on course to become a much more influential part of the global financial system with almost a third of central banks planning to add the currency to their reserve assets, a closely-followed survey showed on Wednesday. The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30% of central banks plan to increase yuan holdings over the next 12-24 months, compared to just 10% last year.

News Source:- https://www.business-standard.com/article/international/central-banks-will-accelerate-rise-of-china-s-yuan-global-survey-shows-121072100938_1.html