Yuan moves into top-five currency rank
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)