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Published: 16:42, March 25, 2023 | Updated: 16:48, March 25, 2023
SWIFT: RMB 5th most active currency for payments in Feb
By Xinhua
Published:16:42, March 25, 2023 Updated:16:48, March 25, 2023 By Xinhua

In this undated file photo, a worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. (PHOTO / XINHUA)

BEIJING - The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in February with a larger share, a report has said.

In February, RMB payments value gained 7.52 percent from a month ago, compared with the 6.54-decline in that of all payments currencies

The RMB's global share stood at 2.19 percent last month, up from 1.91 percent in January, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.

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In February, RMB payments value gained 7.52 percent from a month ago, compared with the 6.54-decline in that of all payments currencies.

In terms of international payments excluding the Eurozone, the RMB ranked eighth with a share of 1.48 percent last month. 


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