BUSINESS RMB retains 4th spot as most active currency for global payments

BUSINESS

RMB retains 4th spot as most active currency for global payments

Xinhua

17:06, February 17, 2022

BEIJING, Feb. 17 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fourth most active currency for global payments by value in January 2022, with a share of 3.2 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.

File photo: Agencies

Value of RMB payments increased by 10.85 percent compared to December 2021, while in general all payments currencies decreased by 6.48 percent.

In terms of international payments excluding payments within the Eurozone, the RMB ranked fifth with a share of 2.29 percent in January 2022.

In December 2021, RMB climbed one position to become the fourth most active currency for global payments by value, with a share of 2.7 percent.

In terms of international payments, excluding payments within the Eurozone, the RMB ranked sixth with a share of 1.91 percent in December 2021.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue