The Chinese yuan has gained share as international payments currency in November 2015, according to the latest SWIFT RMB Tracker….
Read MoreSWIFT Report: Chinese yuan solidifies position as #5 world payment currency
The latest SWIFT RMB Tracker is out, showing that the Chinese yuan stayed at the fifth position in the ranking…
Read MoreHSBC to become market maker for Yuan trading vs Swiss franc
There is an interesting piece of news confirming the growing interest in Chinese yuan trading. According to a report in…
Read MoreChinese Yuan retreats to #5 as world payments currency: SWIFT
The latest SWIFT RMB Monthly Tracker, the report monitoring the Chinese yuan adoption across the globe, was published earlier today,…
Read MoreS Korea, Taiwan see steep growth in RMB payments with China and Hong Kong
“At this time it is difficult to ascertain the impact the devaluation has had on the RMB usage for payments with China and Hong Kong”, said Michael Moon, Head of Payments, Asia Pacific, at SWIFT.
Read MoreRenminbi adoption gains pace in South Africa: SWIFT
The latest RMB Tracker by SWIFT shows Renminbi payments accounted for 31% of direct payments value between South Africa and China/Hong Kong in June 2015.
Read MoreOANDA Japan terminates offer of USD/CNY, USD/TWD
All clients of the broker who have open positions with USD/CNY and USD/TWD are asked to close these before July 17, 2015.
Read MoreChinese Yuan solidifies position as Top 5 payment currency in May: SWIFT
The latest RMB Tracker by SWIFT shows RMB payments accounted for 2.18% of global payments in May 2015.
Read MoreChinese Yuan accounts for 2.07% of global payments in April 2015: SWIFT
The Chinese Yuan retained its position as the fifth most used currency for global payments in April 2015, accounting for 2.07% of world payments.
Read MoreOutflow of foreign currency from Chinese banks hit record levels in March
Chinese banks bought 768.8 billion yuan and sold 1.12 trillion yuan in foreign currencies for clients, resulting in 356.2 billion yuan of deficit in March, meanwhile the Shanghai Free Trade Zone has introduced foreign currency services, reducing entry barriers for foreign business
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