China's yuan rises to 4th most used currency in global settlements

Share of international payments leapfrogs yen on Russia transactions

20231222N yuan

The yuan surpassed the yen for the first time in a year and 10 months. (Photo by Kosaku Mimura)

IORI KAWATE, Nikkei staff writer

BEIJING -- China's currency was used more than Japan's for international payments in November for the first time since January 2022, capturing the fourth-largest share.

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