SWIFT：RMB becomes 4th most active currency for global payments

The value of RMB payments increased by 34.6 percent compared to November 2021, while in general all payments currencies increased by 6.44 percent.

File photo/Liu Guomei (NBD)

In November 2021, the RMB retained its position as the fifth most active currency for global payments by value, with a share of 2.14 percent.

The Chinese currency renminbi (RMB), or the yuan, climbed one position to become the fourth most active currency for global payments by value in December 2021, with a share of 2.7 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services, on Thursday.

In terms of international payments, excluding payments within the Eurozone, the RMB ranked 6th with a share of 1.38 percent in November 2021.

In terms of international payments, excluding payments within the Eurozone, the RMB ranked 6th with a share of 1.91 percent in December 2021.