According to the study, an increase in the share of the euro as an invoicing currency for extra-euro area imports of 10 percentage points lowers the degree of exchange rate pass-through to import prices by almost 7 percentage  16  Japan moved on eventually to encourage the international role of the yen for some time.
17  As re-emphasized by Premier Li Keqiang on 9 September 2015 “The continued devaluation of the yuan is definitely not conducive to the currency becoming internationalized.