Although the importance of the yuan in the world is increasing, transactions are still lower than in Swiss francs

China, the world’s second-largest economy and leading trading partner for 120 nations, has been making strides in fostering the global use of its currency, the renminbi (RMB), also called yuan. While this movement aims to challenge the US dollar’s dominance, the long-term impact on the global economy remains uncertain. China has introduced financial infrastructure to […]