Foreign media: Renminbi's global transaction volume is approaching that of the British pound

Reference News Network, October 1st report: According to the website of Singapore's Straits Times, the Bank for International Settlements (BIS) stated that the daily transaction volume of the Chinese yuan has soared to $817 billion, and the trend of catching up with the British pound over the past decade continues.

According to the report, the bank's triennial survey found that the Chinese yuan currently accounts for 8.5% of global foreign exchange market transactions, up from 7% in 2022.

The report states that as the fifth most traded currency, the Chinese yuan is narrowing the gap with the fourth-ranked British pound. The share of the British pound fell from 12.9% to 10.2%.

The report states that China has been striving for years to enhance the global appeal of the Chinese yuan.

Original article: https://www.toutiao.com/article/7556085459122749991/

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