Renminbi payments continue to grow, according to Swift
The adoption of the Chinese renminbi in trade settlement continued to grow in May, with a rise of 32.3% in payment values, compared with 12.9% in April. This signifies an increase of 0.40% market share overall, with the currency representing the 16th most actively used currency in trade settlement, according to Swift.
In a report on the adoption of the renminbi in trade between Japan, China and Hong Kong, published on June 21, the industry messaging body said the US dollar remains the most
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