China's yuan dislodges Swiss franc as 7th most-used currency: SWIFT

China’s yuan surpassed the Swiss franc to become the seventh most-used world payments currency in January, global transaction services organization SWIFT said on Thursday.

With a market share of 1.39 percent, the yuan remained one of the top 10 most-usedcurrencies for payments worldwide for the third consecutive month. It ranked eighth in December.

Yuan payments increased by 30.6 percent while the growth for all payment currencieswas 4.8 percent in January, SWIFT said.

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