For the sixth consecutive month, SWIFT data shows that RMB accounted for 3.06% of global payments in July.

News from this site on August 24, the monthly report released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) yesterday showed that in July 2023, in the ranking of global payment currencies based on amount statistics, the RMB remained fifth in the world As the most active currency, its share rose to 3.06%, marking the sixth consecutive month of increase. This is also the second time on record that the RMB’s share of global payments has exceeded 3%.

▲ Picture source monthly report of the Society for Worldwide Interbank Financial Telecommunication

According to the query results, the proportion of RMB in international payments The last time it exceeded 3% was back in January 2022. At that time, the proportion of RMB in international payments reached 3.2%, breaking the previous record set in 2015

##▲ Picture source Global Banking Finance The Telecommunications Association's monthly report

In addition to the increasing popularity of the renminbi, the report also shows that the use of the US dollar as a global payment currency increased significantly last month, with a record payment share of 46.46% in July Remaining No. 1

. The U.S. dollar's share of payments in SWIFT reports continues to increase, largely at the expense of the euro.

The share of euro payments fell to 24.42% in July, the highest level since the advent of the euro. lowest

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