Here’s just how big a deal the China yuan was this year:
Share to linkedin... [+]AP Photo/Kin Cheung, File
In 2019, the Chinese yuan was no closer to replacing the dollar’s dominance in Asia, or anywhere for that matter. For comparison, the dollar’s share of global payments in 2019 was 39.3% in November 2017 and rose to 40.4% as of November 2019, according to SWIFT. Even though China’s numbers are nothing like that of the dollar, China’s currency is definitely used more than other longtime tradeable currencies like the Great Britain pound, the Japanese yen and the Swiss franc.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 Best Teen Movies of the DecadeOur year-by-year breakdown of the best big-screen teen films.
Read more »
The Biggest Fashion News Stories of 2019The launch of Rihanna’s Fenty fashion label wasn’t the only big fashion story of the year.
Read more »
China's industrial output to grow around 5.6% year-on-year in 2019: ministryChina's industrial output is expected to grow around 5.6% in 2019, the Mini...
Read more »
China's November pork imports surge 150% on year ago after pig diseaseChina's pork imports in November surged more than 150% from a year ago to 2...
Read more »
'Star Wars: The Rise of Skywalker' caps off Disney's big year with a big box office'Star Wars: The Rise of Skywalker' capped off Disney's landmark year, and the story of the Skywalkers, by bringing in an estimated $176 million in North America, making it the third highest-grossing opening of 2019.
Read more »
Oil steady amid optimism U.S.-China close to signing trade dealOil prices were mostly steady on Monday after three weeks of gains amid optimism...
Read more »