RMB joins list of most-traded currencies: BIS
By Wang Xiaotian | China Daily | Updated: 2013-09-07 08:13
Currency places ninth among top 10, hits $120b in turnover in early 2013
The renminbi, also known as the yuan, has made its debut on the list of the 10 most actively traded currencies, according to a survey released by the Bank for International Settlements on Thursday.
Daily renminbi turnover soared from the equivalent of $34 billion in 2010 to $120 billion in early 2013, making it the ninth most-traded currency.
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