RMB Usage Continues to Decline, UK Ranks as 2nd Largest Clearing Center

[kreslik.news]

SWIFT has released the latest data report from its renminbi (RMB) tracker, outlining a monthly snapshot in the currency’s usage. The latest statistics show a somewhat stalled picture for the RMB, which over the past year has failed to grow its clout as an international currency.

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According to the latest data from the RMB Tracker, the Chinese currency places fifth in terms of most active currencies for domestic and international payments by value in January 2018. This corresponded to a figure of 1.66 percent, virtually unchanged from ... (read more)