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Will the Chinese yuan surpass the Japanese yen as a global payment currency at any point in 2022? No: real money —, play money 68% Yes: real money —, play money 32% Volume: real money 0, play money 0 Bettors: real money 0, play money 0 Categories: Finance, Economic Indicators, China Related markets Which price will the USD/CNY exchange rate hit in 2026 (ID: 231746) Volume: real 190.45508681, play 36738.33247792 Bettors: real 15, play 8 Leading (real money): 6.75 CNY 93% Leading (play money): 6.75 CNY 99% MSCI Emerging Markets Index performance in 2026 (ID: 231734) Volume: real 11.20204594, play 100.399 Bettors: real 22, play 9 Leading (real money): Between 10% and 20% 40% Leading (play money): Between 10% and 20% 39% MSCI World Index performance in 2026 (ID: 231735) Volume: real 6.29780187, play 2500.4021 Bettors: real 21, play 10 Leading (real money): Between 5% and 10% 32% Leading (play money): Between 5% and 10% 34%

Will the Chinese yuan surpass the Japanese yen as a global payment currency at any point in 2022?

Market Rules

Some analysts regard the development and deployment of the Chinese central bank digital currency (CBDC) as a tactic to strengthen the Chinese RMB’s role as a serious competitor to the monetary hegemony of the US dollar in international trade and investment.

Despite the importance of the RMB, there are still important regulatory and practical challenges for the currency to topple the US dollar, the Euro, the British pound, or the Japanese yen as the most relevant global payments currency.

If by December 31, 2022, the total amount traded worldwide in Chinese yuan (RMB) in any month exceeds the global trade in Japanese yen for that same month, this market will resolve to “Yes”.

This market will be resolved based on the monthly releases of SWIFT’s RMB Tracker.

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