🚨🇨🇳CHINESE YUAN SURGES PAST EURO AS SECOND MOST USED CURRENCY IN GLOBAL TRADE

The Chinese yuan is rapidly rising in trade settlements, surpassing the Euro to become the second most used currency after the US dollar.

China’s aggressive push for the yuan on the global stage, especially among developing countries, has led to a significant increase in trade payments settled in the Chinese currency.

According to SWIFT data, the yuan accounted for nearly 6% of global trade payments in April 2024, with a 13.37% rise in June.