Yuan accounted for 2.26% of total transactions worldwide in March; it is the 5th most active currency in the world
The yuan, the Chinese currency, increased its share of global payments in March, according to a Chinese government report. The currency remained the 5th most active in the world.
In March, the value of payments with the yuan increased by 25.04% from the previous month, compared to an increase of 21.46% for all payment currencies.
The currency’s global share rose from 2.19% in February to 2.26% last month, according to the Swift system (Society for Worldwide Interbank Financial Telecommunications).
Swifit is the leading global financial messaging system.
In terms of cross-border payments (excluding the eurozone), the yuan ranked 7th with a share of 1.67%.
With agency information Xinhua
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