Chinese RMB 'Catching' Japanese Yen Fast In Top-5 Payment Currencies. Where Next?

Following a year of being ranked seventh in the league of world payment currencies according to just published data from SWIFT, the Brussels-headquartered member-owned organisation providing the communications platform and services connecting over 10,800 banks, securities firms and corporates in over 200 countries, the Chinese renminbi (RMB) entered the world’s top five payment currencies at the end of 2014. Nestled behind the Japanese Yen (fourth), one wonders when it will surpass the Ninja.