• 11/10/2024

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Yuan internationalisation may get a boost from Saudi Arabia, S&P Global Ratings says, as greater cooperation with China is likely to lead to more frequent use of the renminbi in cross-border transactions.

https://www.scmp.com/economy/china-economy/article/3275355/china-saudi-ties-develop-so-will-cross-border-yuan-use-ratings-agency-says?utm_source=rss_feed