SWIFT Currency Tracker Illustrates Sizable MoM Decline in RMB Usage
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37443
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
SWIFT Currency Tracker Illustrates Sizable MoM Decline in RMB Usage
SWIFT, a global provider of financial messaging services, has reported its data for its monthly RMB tracker, which notched double-digit growth in usage across global financial institutions over the past two years, according to a SWIFT statement.
For the month ending February 2016 however, the RMB remains the fifth most active currency for payments in the world by value with a share of 1.76%. However, this justified a decrease of -27.5% MoM when weighed against January 2016.
In particular, SWIFT’s RMB Tracker illustrated an 18% increase in RMB usage during February by financial institutions worldwide for payments with China and Hong Kong. ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.