RMB kept its position as the sixth most active currency for domestic and international payments by value in April 2018
According to SWIFT Tracker, in April 2018, the RMB kept its position as the sixth most active currency for domestic and international payments by value with a share of 1.66%.
Overall, RMB payments value decreased by 3.18% compared to March 2018, whilst in general all payments currencies declined by 5.84%.
In terms of international payments only and excluding payments within the Eurozone, the RMB still ranks as eight with a share of 1.03% in April 2018.
- RMB is the sixth most active currency for global payments in May 2017
- RMB dropped one position to #7 in the currency rankings for international payments by value in October 2017
- RMB regained its position as the fifth most active currency for global payments in July 2017
- RMB now 8th most traded currency in the world
- RMB growth steadies in 2016, setting solid foundation for further internationalisation
- RMB bonds to be included in the Bloomberg-Barclays Global Composite Index
- China cuts banks’ reserve ratios by 1% as economy slows
- PBOC renews currency backup from UK and Japan to defend yuan
- China signals tougher measures to shore up yuan
- China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low
- RMB, Philippine peso trading platform formally launched
- China-Japan sign three-year FX swap deal to strengthen financial stability, business activity
- China cuts some banks’ reserve requirements to spur growth
- Bank of China cite benefits of direct RMB-Peso conversion
- Yuan up as China restarts ‘counter-cyclical factor’