Published: 12:46, April 23, 2023 | Updated: 12:49, April 23, 2023
RMB's global payment share up in March
By Xinhua

In this undated photo, a Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC VIA CHINADAILY.COM.CN)

BEIJING - The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise in March, according to a report.

The RMB's global share was up from 2.19 percent in February to 2.26 percent last month, according to the Society for Worldwide Interbank Financial Telecommunication, a global provider of financial messaging services. The currency remained the fifth most active currency.

In March, the RMB payments value gained 25.04 percent from a month ago, higher than the 21.46 percent increase in that of all payments currencies.

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In terms of international payments excluding the Eurozone, the RMB ranked 7th with a share of 1.67 percent.