RMB accounts for over 3% of global payments
According to the report on the website of the Lianhe Zaobao on August 24, the latest transaction data compiled by the Global Association of Interbank Financial Communications showed that RMB accounted for more than 3% of global payments in July.
Argentina announced on April 26th that it will use Chinese yuan to settle imported goods from China. This is the Chinese yuan and Argentine peso paper currency captured on April 27th in Buenos Aires, Argentina.
According to Bloomberg on the 24th, as the renminbi gradually integrates into global foreign exchange flows, renminbi related transactions have increased. In July, the proportion of instructions sent through SWIFT involving RMB exceeded 3%, the second time on record. In 2010, this number was only about 0.03%.
The data also shows that in July, the proportion of US dollar related transactions rose to a record 46%, slightly higher than one-third 10 years ago.
In terms of ranking, the US dollar is the highest, followed by the euro, pound sterling, Japanese yen, and Chinese yuan.