WORLD

RMB remains fifth most active currency by value in Dec: Report

24/01/2023 08:22 PM

BEIJING, Jan 24 (Bernama) -- The Chinese currency renminbi (RMB), or the yuan, remained the fifth most active currency for global payments by value in December 2022, a report has shown.

The RMB's global share stood at 2.15 per cent last month, according to the Society for Worldwide Interbank Financial Telecommunication, a global provider of financial messaging services.

In terms of international payments excluding the eurozone, the RMB ranked seventh with a share of 1.47 per cent reported Xinhua.

China's Hong Kong Special Administrative Region is the largest market for offshore RMB transactions, taking up 73.85 per cent, followed by Britain, Singapore, and the United States, according to the report. 

--BERNAMA

 

 


 


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