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YUAN/RMB: Worlds second most used documentary credit currency (SWIFT)

LessThunk comment: Globally it is still less than 10% (USD is 80%) however .. “China, Singapore and Hong Kong remained the top three countries using the RMB for documentary credits, with nearly 95 percent of all RMB documentary credit transactions.”

http://www.icrosschina.com/news/2015/0226/9282.shtml


Categorised as: banking | Investing

Posted by: Phaedrus



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