Renminbi (RMB)/Yuan Appreciation & Internationalization

sunnymaxi

sunnymaxi

Major
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Meanwhile, in May, China revealed that it
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$582.3 billion worth of global currency settlement agreements that will exclusively use the Yuan. The UAE is one of the countries that inked the deal with the Asian giant along with Russia, Venezuela, Oman, Bahrain, Qatar, Kuwait and Saudi Arabia..
 
broadsword

broadsword

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sunnymaxi said:
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Meanwhile, in May, China revealed that it
Please, Log in or Register to view URLs content!
$582.3 billion worth of global currency settlement agreements that will exclusively use the Yuan. The UAE is one of the countries that inked the deal with the Asian giant along with Russia, Venezuela, Oman, Bahrain, Qatar, Kuwait and Saudi Arabia..
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I can't help taking a double-take at the use of nine zeroes instead of a billion. That's Jai numbering.
 
coolgod

coolgod

Colonel
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broadsword said:
I can't help taking a double-take at the use of nine zeroes instead of a billion. That's Jai numbering.
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Last week, the two nations appear to have started trading using their local currencies after energy company Indian Oil made payments in rupees for purchasing one million barrels of oil from the state-owned Abu Dhabi National Oil Company,
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Reuters.
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The nine zeros and the "billion" is probably a typo anyways, it should be a million only.

Jai Hind
 
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