December 02, 2015 BY Maria Nikolova

SWIFT 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 of world payment currencies in October 2015. In October 2015, the RMB accounted for 1.92% of global payments. At the same time, RMB payments value decreased by 23.53% compared to September 2015, whilst in general…

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