Global Payment Share Hits Record High In August, RMB Remains The Fifth Most Active Currency In The World

The latest RMB monthly report and data statistics released by the Society for Worldwide Interbank Financial Telecommunication (Swift) show that in August 2023, the RMB remains the fifth most active currency in the ranking of global payment currencies based on amount statistics, accounting for 3.47%, which hits a record high. Compared with statistics in July 2023, the overall payment amount in RMB increased by 18%, while the overall payment amount in all currencies increased by 4.02%. The US dollar, euro, pound, and yen ranked among the top four, accounting for 48.03%, 23.22%, 7.14%, and 3.68% respectively in August. In addition, if international payments outside the Eurozone are used as a statistical basis, the RMB ranked sixth this month, accounting for 2.59%.