The Chinese yuan has now become the fifth most traded currency in terms of global foreign exchange turnover, with a market share of seven percent, according to a report issued by the Bank of International Settlements (BIS) on Friday. The new ranking of Chinese yuan was up from the eighth place in the 2019 survey, underscoring the attractiveness of the Chinese currency amid a push for global de-dollarization and a global investors’ consensus on the bright prospects of the world’s second-largest economy. ....