Cyprus Mail
Business World

China’s yuan breaks into the world’s top five as payment currency-SWIFT

China’s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organisation SWIFT said on Wednesday.

After nearly a year firmly positioned at seventh spot, the yuan reached a record high share of 2.17 percent in global payments by value and is in sight of the Japanese yen, which has a share of 2.69 percent.

The U.S. dollar, euro and British pound remain the top three world payment currencies.



Related posts

EU takes action over UK’s blow to Brexit bill

Reuters News Service

UK to exclude Chinese students from sensitive subjects

Reuters News Service

Google to pay publishers $1 billion over three years for their content

Reuters News Service

Amazon and Big Tech cozy up to Biden camp with cash and connections

Sam Sam

Russia and France seek end to fighting over Nagorno-Karabakh

Reuters News Service

UK loses thousands of jobs in finance on Brexit — EY study

Reuters News Service