Rapidly-strengthening Chinese yuan can become the most powerful 3rd currency in world

17:34 - 7.09.2020


September 7, Fineko/abc.az. The Chinese national currency, the yuan, is rapidly moving towards becoming the world's most powerful currency.

ABC.AZ reports that according to some experts, growing foreign investments in China will increase the use of the yuan.

This increases the likelihood that the Chinese currency could become the third largest in the world after the US dollar and the euro. The Chinese government is taking serious steps in this direction.

Thus, official Beijing increases its assets for this purpose.

If this goes ahead, the Chinese yuan can upstage the Japanese yen and the British pound by 2030.

 

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