Yuan became most-used currency in China's cross-border transactions in March
The yuan became the most widely-used currency for cross-border transactions in China in March. According to official data, it overtook the dollar for the first time. Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a month earlier.
The yuan was used in 48.4% of all cross-border transactions, while the dollar's share declined
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