Yuan Holds No. 4 Spot in World Payments Rankings

The Chinese currency has retained its position as the fourth most active currency for global payments by value in January 2022, with a share of 3.2%, Xinhua reported, citing Society for Worldwide Interbank Financial Telecommunication (SWIFT) data.

The value of yuan payments increased by 10.85% compared with December 2021. In terms of international payments, excluding payments within the eurozone, the yuan ranked fifth with 2.29% in January 2022.

Read the full report: Xinhua.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.