Wednesday, December 4, 2013

Yay to Yuan! Chinese currency overtakes euro in trade (VIDEO)

The Chinese yuan has overtaken the euro to become the second most used currency in the global market place.

Last year its share of world trade was just over 1 percent compared to the euro's almost 8 percent.

The yuan has now reached almost 9, leaving the euro way behind. Keith Boyfield from the Centre for Policy Studies joins RT to discuss this issue.

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