HONG KONG] China's yuan fell to the sixth place in April among most-used currencies for global payments by value with a market share of 1.82 per cent, global transaction services organisation SWIFT said on Thursday.

The yuan jumped to the fourth place last August, but gradually lost growth momentum as the volatile foreign exchange rate and China's sluggish economy dampened foreign investors' appetite to use or hold the currency.

The "redback" is now after the US dollar, the euro, the sterling, the Japanese yen and the Canadian dollar.

Overall, yuan payments value in April decreased by 7.73 per cent from a month earlier, while in general all payment currencies decreased by 4.6 per cent, SWIFT said.

Read more@www.nairausd.com/2016/05/chinas-yuan-falls-to-6th-place-among

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Why is nobody talking about the Yuan/Naira deal any longer

Pidggin:
Why is nobody talking about the Yuan/Naira deal any longer

Thought they denied signing any deal with China.

Pidggin:
Why is nobody talking about the Yuan/Naira deal any longer

Yes oh