Yuan surpasses yen in share of global currency payments - Swift data
The Chinese yuan overtook the yen as the currency with the fourth-largest share of international payments in November, for the first time since early 2022, according to transaction data compiled by global financial messaging service Swift.
The share of transactions involving the yuan among all currencies rose to 4.6% last month from 3.6% in October.
The figure was a record high for the yuan and surpassed the yen's 3.4%.
The last time the yuan ranked fourth was in January 2022.
The US dollar maintained its lead in November with 47%, followed by the euro and pound sterling with 23% and 7.15% respectively.
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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