A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] The Chinese yuan has ranked as the world’s fourth biggest payment currency for the fifth month in a row as of March, accounting for 4.69 percent of global payments by value, according to global financial messaging platform Swift. The proportion was up … Continue reading Chinese yuan fourth biggest payment currency
Tag: currency
PBOC head calls for IMF quota reform
Pan Gongsheng, governor of the People’s Bank of China, speaks at the Boao Forum for Asia Annual Conference 2024, March 27, 2024. [Photo/VCG] Asian countries should cooperate with each other to push the reform of the quota system of the International Monetary Fund, in order to better reflect the status of Asian countries in the … Continue reading PBOC head calls for IMF quota reform