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Yuan becomes second-most popular currency in trade finance

Yuan becomes second-most popular currency in trade finance

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CityFarmer Offline
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#4
04-12-2013, 04:48 PM
(04-12-2013, 03:25 PM)specuvestor Wrote: Australia is not surprising because they supply raw materials to China. I won't be surprised if iron ore and coal are quoted in RMB next year.

Germany is surprising. I thought they would have higher bargaining power to keep it quoted in EUR.

It showed the increasing bargaining power of China over Europe...Big Grin
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RE: Yuan becomes second-most popular currency in trade finance - by CityFarmer - 04-12-2013, 04:48 PM

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