The Chinese yuan overtakes the Japanese yen to become the fourth most used currency in global payments.

The Chinese yuan has become the fourth most popular currency for global payments, surpassing the Japanese yen, according to SWIFT data. The yuan's usage in global payments rose to 3.89% from 2.93%, reflecting China's growing influence in international trade and finance. This trend challenges the dominance of the US dollar and suggests a push for a more diversified global financial system.

3 months ago
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