The Chinese yuan reiterated himself as one of the most popular currencies for cross-border payments, taking fourth place for the first time since August 2015, writes Bloomberg. The dollar has a serious competitor.
This is the second indicator for the Chinese currency in the history. On the yuan since June accounts for about 2.7 percent of the market, while the dollar is 41 percent. The euro holds the second place, but its overall market share fell to an eight-monthly minimum of 37 percent. Pound took the third place, and Yen closed the top five leaders.
In the last decade, the popularity of the yuan as an international currency has grown steadily, the publication notes. In December, global funds increased investments in Chinese government bonds before a record level.
Earlier, Russians called the best currency to store savings. Store savings or part of them in dollars, 46 percent of Russians are convinced. The euro as a better currency for these purposes was called 44 percent, and the ruble – 41 percent. At the same time, leaving the accumulation in domestic currency considers the amount of Russians with the minimum since 2014.