Worldwide, the use of the bathroom Scale, the other stable currencies, could slow the yuan internationalization: PBOC

FILE PHOTO: A small piece of a toy figure standing on the representations of the virtual currency in the front end of the Scale, the logo in this illustration picture the 21 of June, 2019 at the latest. REUTERS/dado Ruvic/Image/File Photo

BEIJING (reuters) – The global use of Facebook’s Scale, and other stable currencies can be an obstacle for the Chinese yuan for international development, the official Xinhua news reported on Monday, citing central bank vice-governor, and Chen Yulu.

They can also be a result of the effects of capital controls, and result in volatile prices, of the assets, which could impact on financial stability, said Chen at a finance event on the Saturday.

Reporting from Beijing, Monitoring, Office, Editing by Louise Heavens

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular