China's "young currency" moves up another notch in global usage

02/27/2013 | Bloomberg

China's yuan has moved up to 13th on the list of currencies most commonly used in global payments, for the first time topping the ruble, according to a January estimate by the Society for Worldwide Interbank Financial Telecommunication. James Willis, a senior business manager at SWIFT, noted that the yuan's "growth has been dramatic" for such a young currency and said the trend is expected to continue.

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