Renminbi now fourth most-used world payment currency

asia-globe- roll-out

The Chinese renminbi has overtaken the yen as the fourth most-used currency for global payments, according to data from the Society for Worldwide Interbank Financial Telecommunications (Swift) released this week.

The renminbi entered the top four in August 2015, with a share of 2.79% in global payments by value. Just three years ago, it ranked number 12, with a share of 0.84%, and surpassed seven other currencies over this time.

Since 2011, the renminbi has steadily progressed along its path to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: