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The Chinese yuan became the second most widely used currency free on board in the foreign trade surpassing the Japanese yen and the euro, according to the October international SWIFT interbank trading system, quoted by the newspaper Kommersant. free on board
In addition to China, free on board where 60% of payments were made between markets that include the yuan used more Hong Kong and Singapore that are centers for offshore operations with the Chinese currency, with 32% of operations.
Since then, the People's Bank of China concluded trade agreements and investments in local currencies in the amount of 300,000 million dollars with the central banks of 19 countries, including Asian countries and the BRICS group also comprising Brazil, free on board Russia, India and South Africa.
In the area of investment, the role of the yuan is more modest. As a universal means of payment (trade, financial transactions, bank deposits) leadership are taking what the dollar and the euro.
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