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 China yuan overtakes yen in global payment rankings: SWIFT

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China yuan overtakes yen in global payment rankings: SWIFT Vide
PostSubject: China yuan overtakes yen in global payment rankings: SWIFT   China yuan overtakes yen in global payment rankings: SWIFT Icon_minitimeThu Oct 08, 2015 2:30 am
China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said Tuesday, as Beijing pushes greater international use of its currency.

China yuan overtakes yen in global payment rankings: SWIFT Cb5b4043db2b79cbbf773d18a18a72ae735b18da_original

The yuan -- also known as the renminbi -- held a 2.79 percent share in world payments based on value in August, SWIFT said in a statement, besting the yen's 2.76 percent. The yen's position eroded to fifth place.

SWIFT stressed that over the last three years the yuan has jumped past seven currencies. In August 2012 it ranked 12th with a share of just 0.84 percent.

https://au.finance.yahoo.com/news/china-yuan-overtakes-yen-global-025623253.html
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