The yuan came in fourth place among world currencies

In November of this year, the share of the Chinese yuan in international settlements reached 4.61%, which is quite an impressive increase compared to October, when it was 3.6%. 

This allowed the Chinese national currency to rise to fourth place in the world currency ranking, for the first time since January 2022, according to the SWIFT settlement system.

Meanwhile, the yen's share fell from 3.91% in October to 3.41% in November. The Japanese currency fell back to the fifth position.  

There was also a decrease in the use of the US dollar in global settlements – from 47.25% in October to 47.08% in November. The euro also decreased its share from 23.36% to 22.95%, and the pound sterling – from 7.33% to 7.15%. Despite this, these currencies still occupy the top three places in terms of their share in global settlements.

Also in the ranking of the top 10 currencies for international settlements there are Canadian, Australian, Hong Kong and Singapore dollars, as well as Thai baht. The share of each of these currencies exceeds 1%, which indicates their significant role in global financial transactions.