RMB internationalisation stalls in 2016
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
There was a drop in renminbi (RMB) payments by value in 2016 as it ended the year in sixth place among currencies used for global payments, according to SWIFT. The payments value for the RMB fell by up to 29.5% in 2016 from 2015.
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