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 […]

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