Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
The onshore renminbi and its offshore counterpart set a six-year low this week, as figures from the State Administration of Foreign Exchange (Safe) show that China's outbound renminbi payments surged to a record in September, which added more pressure on the already weakened redback.
According to data released on October 21, a net $44.7 billion worth of payments in the Chinese currency left the country last month, which was the highest since the government started releasing the figures in 2010
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