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Levin

22-12-2023, 05:35 PM
https://www.chinadaily.com.cn/a/202312/2...currencies.

Levin

22-12-2023, 05:36 PM
Some RMB international payments are settled through China's Cross-border Interbank Payment System instead of SWIFT. This means that the share of RMB in global cross-border transactions might be underestimated, she said.

Levin

22-12-2023, 05:39 PM
RMB ranked as the second most frequently used global currency in the trade finance market in November, next to only the US dollar. The Chinese currency was in third place for this gauge in October.
SG Talk > SG Talk > Market Talk > RMB's share in global payments stood at 4.61% last month, up from 1.91% in Jan