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Trade – China’s Currency (Renminbi) Continues To Be Used In International Transactions

Chinese 20 renminbi yuan location

Renminbi internationalization is set to continue, despite a temporary decline in the Chinese currency’s payment value in 2016, according to the latest renminbi tracker released on Thursday by the Society for Worldwide Interbank Financial Telecommunication. Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial…

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