HONG KONG — China’s yuan has joined the ranks of the most traded currencies for the first time, underlining the growing might of the country’s economy, the world’s second-largest.
The yuan became one of the Top 10 traded currencies in 2013, rising to No. 9 over a “significant expansion” in offshore trading, the Bank for International Settlements said Thursday. The yuan, or the renminbi, was No. 17 on the list in 2010.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.