Yuan Beats Euro #trendingnews #currentaffairs #euro #europeanunion #usa #dollars

Chinese Yuan has recently crossed Euro and became the second most most circulated currency after dollar. According to the Society of Global Interbank Financial Telecommunications (SWIFT), the market share of the yuan reached 5.99 percent in June from 5.08 percent in May. The euro's market share was 5.92 percent. Recently, Al-khorayef emphasized that Saudi Arabia will prioritize its interests and explore new opportunities, separating politics from commerce. The broader adoption of the “petroyuan” is seen as a significant step in the yuan’s internationalization, challenging the US dollar’s dominance in global commodity markets.
Chinese Yuan has recently crossed Euro and became the second most most circulated currency after dollar. According to the Society of Global Interbank Financial Telecommunications (SWIFT), the market share of the yuan reached 5.99 percent in June from 5.08 percent in May. The euro's market share was 5.92 percent. Recently, Al-khorayef emphasized that Saudi Arabia will prioritize its interests and explore new opportunities, separating politics from commerce. The broader adoption of the “petroyuan” is seen as a significant step in the yuan’s internationalization, challenging the US dollar’s dominance in global commodity markets.
#Dollars#Yuan#china#saudiarabia#riyal#oil#OPEC#interantionaltrade#trade#oiltrade#USA#currency