SWIFT report shows rapid growth in RMB transactions

Region:

Americas, Asia-Pacific, Europe

Dalia Gebrial

News, Data & Events Executive

SWIFT’s RMB Tracker, which provides a monthly report on the international use of the renminbi (RMB), has found that global RMB payments have nearly tripled in value over the past two years, with one third of financial institutions now actively using RMB for payments to China and Hong Kong. This signals a 35% growth in the number of institutions doing so.

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