UAE and Qatar See Surge in RMB Usage, SWIFT Tracker Shows

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UAE and Qatar See Surge in RMB Usage, SWIFT Tracker Shows

Postby kreslik.news » Thu Jan 28, 2016 12:29 pm


SWIFT, a global provider of financial messaging services, has reported the results of its RMB Tracker in the United Arab Emirates (UAE) and Qatar, which highlighted the RMB as the most active currency used for direct payments with China and Hong Kong, according to a SWIFT statement.

With the use of the RMB on the rise globally, it comes as no surprise that financial hubs in the UAE and Qatar are utilizing the Chinese currency more frequently – this includes its use in regards to direct payments with China and Hong Kong.

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