Tagged Chinese Yuan

Facebook to Back Libra with Major Fiats, Might Exclude Chinese Yuan

September 10, 2019

Facebook and it’s Libra Association partners are planning to initially back Libra with fiats including the US dollar, euro, yen, British pound, and the Singapore dollar, Bloomberg reported on Tuesday. The so...

Chinese Yuan Global Payments Market Share Drops in November, Maintains 7th Spot

November 26, 2014

According to data released by Society for Worldwide Interbank Financial Telecommunication (SWIFT), the Chinese yuan’s market share in global payments dropped throughout the past month as a mainland liquidity sq...

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