Tag: SWIFT

December 03, 2013 BY Gerald Segal

Another Renminbi milestone: now #2 currency in trade finance

Global transaction services organization SWIFT releases global market share data for CNY at 8.66% in October The internationalization of the Chinese currency is gathering pace as the Renminbi appears to have achieved another milestone in the month of October according to global transaction services organization SWIFT. The market share in global trade denominated in CNY…

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