RMB Usage Holding Steady in January, Unable to See Growth – SWIFT Data Shows

[kreslik.news]

SWIFT, a global provider of financial messaging services, has released the latest data report from its renminbi (RMB) tracker, outlining a monthly snapshot in the currency’s usage. During January 2017, the RMB suffered a month-over-month decline in overall payments by value, relative to December 2016, SWIFT data shows.

The decrease came on the heels of a report last month that showed an abrupt reversal of RMB usage on a yearly basis. 2016 proved to be a down year for the Chinese currency in the payments space, as it suffered a -29.5 percent decrease year-over-year in the value for payments for the ... (read more)