English>

Market News

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.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics