Renminbi's global share of payments slides

China's currency holds fifth place globally, but overall share shrinks again, Swift says

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Sliding transactions: renminbi's global share of payments was 1.86% in August, down from 1.9% last month

The renminbi retained its position as the fifth most-used currency in international transactions, ahead of the Canadian dollar, although its share declined to 1.86% in August from the 1.9% it registered a month earlier, according to payments infrastructure company Swift.

The latest figures show the renminbi slipping by half a percentage point from its record for the year in January, when it accounted for 2.45% of the total, and it is well behind the Japanese yen, sitting in fourth place globally

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