Claims in Chinese yuan amounted to $336.1 billion in the fourth quarter of 2021, accounting for 2.79% of the total allocated foreign exchange reserves, the International Monetary Fund’s (IMF) survey showed on Thursday.
According to its Currency Composition of Official Foreign Exchange Reserves (COFER) data, the Chinese currency’s share has risen from 2.66% in the third quarter. By the end of 2021, the yuan was fifth in the COFER after the US dollar, the euro, the Japanese yen, and the pound sterling.
IMF experts have attributed the share growth to China’s economic rise and the yuan’s internationalization. They said renminbi’s growth will speed up this year amid sanctions between Russia and the West, and the global financial chaos.
The man who critically injured Slovak Prime Minister Robert Fico on Wednesday was a fierce…
The Asia-Pacific region should be free of military blocs because of their potential to undermine…
Russian President Vladimir Putin was welcomed with an honor guard after his plane touched down…
Russian President Vladimir Putin has set the stage for his state visit to China by…
С каждым днем онлайн-казино становятся все более популярными среди азартных игроков. И это вполне логично:…
Russian President Vladimir Putin has officially appointed Andrey Belousov as the new minister of defense.Belousov,…