Dollar vs. yuan: China set to build yuan currency reserve to combat US - Markets Insider
6/26/2022 12:00:00 AM2 years 10 months ago
by Phil Rosen
by Phil Rosen
China is teaming up with Indonesia, Malaysia, Hong Kong, Singapore, and Chile. Each country will contribute about $2.2 billion worth of yuan.
The People's Bank of China is building a yuan reserve with five other nations in collaboration with the Bank for International Settlements. China is teaming up with Indonesia, Malaysia, Hong Kong, S… [+1816 chars]
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