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SWIFT, a global provider of financial messaging services, has reported its payments data for its monthly RMB tracker, which illustrated the importance of the Renminbi in both India, China, and Hong Kong, per a recent SWIFT statement.
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The results still continue to show a dominance of the US dollar (USD) in the region, though the RMB has retained its spot as the fourth most active currency for payments in the aforementioned countries. The latest tranche of data follows on the ... (read more)