You are here

Yuan unseats euro in trade finance

Wednesday, December 4, 2013 - 06:00

[SINGAPORE] The Chinese yuan has overtaken the euro to become the second most-used trade finance currency by value, financial payment network Swift announced yesterday. As of October, the yuan's share of trade finance activity value was 8.7 per cent, above the euro's 6.6 per cent, though well

Market voices on:

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

Powered by GET.comGetCom