China's yuan has overtaken the Japanese yen and become the fourth most-used world payment currency.
According to global transactions organization SWIFT, the yuan, also known as the renminbi, held a 2.79 percent share in world payments based on value in August, besting the yen's 2.76 percent.
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. SWIFT say that the yuan has also further established itself as the dominant currency for trade finance behind the dollar.
中国公共新闻网摘编:GAN JADE |