BRICS Post 1-28-15… “China’s yuan 5th most used payment currency: SWIFT”

Kauilapele's Blog

yuan_dollars China is promoting the use of its currency as an alternative to the dollar in global trade and finance and more and more nations now want to capture the fast-growing market for offshore trade in yuan, also known as the renminbi [Xinhua] I’m not sure why this wants to be posted, but here it is.

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China’s yuan 5th most used payment currency: SWIFT

China is promoting the use of its currency as an alternative to the dollar in global trade and finance and more and more nations now want to capture the fast-growing market for offshore trade in yuan, also known as the renminbi [Xinhua]

Overtaking the Canadian dollar and the Australian dollar, China’s yuan has become the world’s fifth most widely used payments currency, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

The value of cross-border deals settled in the Chinese currency, yuan, more than doubled…

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