SHANGHAI: Chinese Yuan becomes the most-used currency in cross-border transactions leaving behind the US dollar, according to official data.  According to a Reuters report, in March, the Chinese yuan became one of the most widely-used currencies for cross-border transactions in China leaving behind the US dollar for the first time in history. According to official records, the move reflects China’s efforts to “internationalize” its currency.  Pilot, Entire Crew Grounded For Allowing Friend Into Cockpit Modi Set To Attend G7, Quad Summits In Japan, Australia India Was World’s 4th Largest Defence Spender In 2022 In March, cross-border payments showed a rise … Continue reading Yuan overtakes US dollar, becomes most-used currency in cross-border transactions