Yuan keeps its spot as fifth most attractive currency - MENAFN
FEBRUARY 23, 2021
(MENAFN)According to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services, the Chinese currency renminbi (RMB), or the yuan, has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency.
According to SWIFT report, the RMB's share in global payment reached 2.42 percent, increased from the 2.15-percent share in the preceding year same time span.
It further stated that the amount of RMB payments improved by 21.34 percent previous month in comparison with December 2020, while in general all payments currencies declined by 5.86 percent.