Date
22 July 2018

RMB 8th most traded currency in August, SWIFT says

China’s renminbi became the world’s eighth most traded currency in August, up from 11th spot in January last year, financial cooperative SWIFT said in a report Tuesday. The renminbi was the 12th most widely used currency for global payment in August, down one notch from the previous month, it said. Belgium-based SWIFT provides transaction messaging platforms for banks, brokerages and corporates.

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