RMB Sees Increase in Global Usage, South African Market Penetration
Posted: Tue Aug 23, 2016 1:28 pm
SWIFT, a global provider of financial messaging services, has released its monthly tranche of data as part of its RMB tracker, having showed an uptick in the exposure of the Chinese currency relative to others during July 2016 – during July the tracker showed the RMB rose to the fifth most utilized in the world, according to a SWIFT statement.
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RMB adoption across the US and international payments venues has waxed and waned in 2016, having been leapfrogged in usage by the Canadian Dollar (CAD) ... (read more)