May 142013
 

The US Dollar continues to lose ground as the world’s reserve currency.

A press release from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) shows that the value of payments using Chinese Yuan currency grew by 171 percent between January 2012 and January 2013.

In January 2013 alone, payments in the Chinese currency grew in value by 24 percent from December, pushing the Yuan past the Russian Rouble to the thirteenth slot for world currency payments.

Payments Using Chinese Yuan Continue to Surge as Currency Tops Russian Rouble in Popularity

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