Chinese Yuan Becomes World's Second Largest Trade Financing …

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Credit: Visual ChinaBEIJING, October 30 (TMTPost) – The internationalization of the Chinese Yuan (RMB) has accelerated in recent years, with its status as an international payment and financing currency gradually consolidated.The People's Bank of China (PBOC), China’s central bank, released its 2023 Yuan Internationalization Report last Friday, which indicated that the yuan's share in cross-border payment