You are here

Beijing's hopes of globalising currency hit snag: report

Hit by depreciation and government capital controls, it has slipped to 6th most used currency
Friday, January 27, 2017 - 05:50

Shanghai

CHINA'S yuan slipped a notch to become the sixth most used global currency over the course of last year, hit by depreciation and government capital controls, a report said on Thursday.

Analysts said that the drop was a setback for Beijing's ambitious plans to dramatically

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom