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A report by SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, shows the renminbi has strengthened its position to become the world's second most used currency for documentary credit transactions.
全球银行间金融电信协会的一份报告显示，人民币在世界跟单信用交易中最常使用的货币中排行第二。
 Letters of credit and documentary collections are widely used instruments to finance trade across Asia.
The Chinese currency's share of documentary credits has increased from 7.3 percent to 9.4 percent the past 2-years.
This puts renminbi 2nd behind the U.S. dollar.
However, the US dollar makes up nearly 80 percent of all SWIFT transactions.
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