China's yuan became the fourth most-used world payment currency in August. global transaction services organisation SWIFT said Tuesday that the yuan overtook the Japanese Yen to reach this ranking.
The yuan has surpassed seven currencies in the past three years as a payment currency and is now behind only the US dollar, the euro and the sterling.
More than 100 countries used the yuan for payments in August, of which over 90 percent of flows were concentrated in 10 countries. Singapore processed 24.4 percent of the total, followed by the United Kingdom with 21.6 percent.
Analysts say that the increasing global yuan payments could further accelerate the process of yuan's internationalization and its potential to join the SDR.
本站部份资料来自网络或由网友提供，如有问题请速与我们联系，我们将立即处理！
版权所有©四级英语单词 网站地图 陇ICP备2023000160号-4
免责声明：本站非营利性站点，以方便网友为主，仅供学习。