Tag: global payments currency

April 26, 2016 BY Maria Nikolova

UK becomes second largest offshore RMB clearing centre – SWIFT

According to SWIFT’s latest RMB tracker, the United Kingdom has become the second largest offshore RMB clearing centre, as the UK's RMB payments value rose by 21% between March 2014 and March 2016. The United Kingdom lags behind Hong Kong in the ranking. Singapore overtook the United Kingdom in February 2014, but the trend began…

Read more
January 28, 2016 BY Maria Nikolova

SWIFT: Chinese yuan accounts for 2.31% of global payments in Dec'15

The latest SWIFT RMB Tracker, the study which tracks the Chinese yuan international adoption, was published today, showing that the Chinese currency gained share as a world payments currency in December 2015. In the last month of 2015, the RMB accounted for 2.31% of global payments, with an increased market share compared to 2.28% in…

Read more