Chinese Yuan Gets Prominence In Global Trade In Wake Of War In Ukraine
By Subrata Majumder China was eager to introduce Yuan as reference currency for Rupee-Rouble rate. According to Global Times, official media of China, “India was reportedly considering Chinese Yuan a reference currency to settle the Rupee-Rouble trade”. Owing to sharp depreciation of Russian Rouble due to Ukraine invasion by Russia, the authorities were grappling for […]
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