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RMB gains larger share in international payment: SWIFT
BEIJING, Feb. 21 (Xinhua) -- TheChinese currency renminbi (RMB), or the yuan, has retained its spot as thefifth most attractive currency for global payments by value in January but witha larger share as a global payment currency, said the Society for WorldwideInterbank Financial Telecommunication (SWIFT), a global provider of financialmessaging services.
In January, the RMB's share in globalpayment accounted for 2.42 percent, up from the 2.15-percent share in the sameperiod in 2019, showed a monthly report published by the SWIFT.
Value of RMB payments increased by21.34 percent last month compared with that of December 2020, while in generalall payments currencies decreased by 5.86 percent, the report added.
The Hong Kong Special Administrative Region is the largest market foroffshore RMB transactions, taking up 75.93 percent, followed by the economiesof the United Kingdom, Singapore and the United States, according to thereport.
