Business
2022.07.22 15:25 GMT+8

China's RMB retains 5th spot as currency for global payments

Updated 2022.07.22 15:25 GMT+8
CGTN

The Chinese currency, the renminbi (RMB), retained its position as the fifth most active currency for global payments by value as of June 2022, with a share of 2.17 percent, according to the global financial messaging platform SWIFT.

The value of RMB payments increased by 6.61 percent in June compared to May, a faster rise in usage value compared to the 5.3 percent increase in the use of all other currencies in June, said SWIFT.

(Cover via CFP)

Source(s): Xinhua News Agency
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