SHANGHAI: China’s yuan has overtaken the Swiss franc to become the seventh most-used currency for payments worldwide, a global transaction services organization said, as Beijing seeks to further internationalize the unit.
The yuan still lags behind the US dollar—which had a 38.75-percent share in worldwide payments last month—as well as the euro, British pound, Japanese yen, Canadian dollar and Australian dollar, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said.
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