Yuan moves into top-five cur­rency rank

China Daily (Canada) - - FRONT PAGE -

The yuan has moved into the top five among world pay­ment cur­ren­cies, sur­pass­ing the Canadian and Aus­tralian dol­lars by value, ac­cord­ing to the So­ci­ety for World­wide In­ter­bank Fi­nan­cial Telecom­mu­ni­ca­tion.

In De­cem­ber, the Chi­nese cur­rency reached a record high share of 2.17 per­cent in global pay­ments by value, ris­ing from 0.63 per­cent in Jan­uary 2013. It now trails the Ja­panese yen which has a share of 2.69 per­cent. (Photo 5)

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