RMB retains 4th spot as currency for global payments: SWIFT
Release time:2024-05-21 09:01:35
BEIJING, March 30 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, retained its spot as 。
BEIJING, March 30 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, retained its spot as the fourth most active currency for global payments by value in February, according to a report. The RMB's global share stood at 4 percent last month, a report from the Society for Worldwide Interbank Financial (SWIFT) said. SWIFT is a global provider of financial messaging services. The RMB payments value decreased 20.47 percent compared to January, while in general all payments currencies decreased by 10.37 percent, the SWIFT said. In terms of international payments excluding payments within the Eurozone, the RMB ranked fifth with a share of 2.78 percent in February. China's Hong Kong Special Administrative Region is the largest market for offshore RMB transactions, taking up 79.9 percent, followed by Britain at 5.37 percent and Singapore at 3.39 percent, the report said.
(Editor:Fu Bo)
Related articles
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
CHICAGO (AP) — The road for Shota Imanaga from Japan to the major leagues included at least one shar2024-05-21Harvard president resigns amid new plagiarism allegations
In this December 14, 2022, image released by Harvard University, Claudine Gay poses for a photo. [Ph2024-05-21Explainer: How Is China's Vision of Building a Community with a Shared Future for Mankind Viewed?
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Beijing slams Washington for spreading false info
US Secretary of State Antony Blinken. [Photo/Agencies]Beijing hit back at Washington's slandering of2024-05-21Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Amir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o2024-05-21Xi Focus: China Pursues Development for People's Well
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment