According to SWIFT data, the Chinese yuan overtook the Canadian and Australian dollar as a global payments currency in November 2014, and now takes position behind the Japanese Yen, British pound, Euro and US dollar Brussels, 28 January 2015 – After nearly one year firmly positioned at #7, the Renminbi (“RMB”) has entered the top five of world payment currencies since November 2014, overtaking both the Canadian Dollar and the Australian Dollar by value. Just two years ago, in January 2013, the RMB was ranked at position #13 with a share of 0.63%. In December 2014, the RMB reached a record high share of 2.17% in global payments by value and now trails the Japanese Yen which has a share of 2.69%.
According
to SWIFT data, the Chinese yuan overtook the Canadian and Australian
dollar as a global payments currency in November 2014, and now takes
position behind the Japanese Yen, British pound, Euro and US dollar
Brussels, 28 January 2015
– After nearly one year firmly positioned at #7, the Renminbi (“RMB”)
has entered the top five of world payment currencies since November
2014, overtaking both the Canadian Dollar and the Australian Dollar by
value. Just two years ago, in January 2013, the RMB was ranked at
position #13 with a share of 0.63%. In December 2014, the RMB reached a
record high share of 2.17% in global payments by value and now trails
the Japanese Yen which has a share of 2.69%.- See more at: http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2015/PR_RMB_into_the_top_five.xml#sthash.dgnOjEpB.dpuf
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