October 29, 2015 BY Maria Nikolova

Chinese 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, showing that the Chinese currency lost one place in the ranking of international payments currencies. The SWIFT report for September 2015 shows that the Chinese currency fell back to position #5 in the ranking table…

Read more