In February, RMB remained the 4th most active currency for global payments by value, with Hong Kong SAR being the largest offshore RMB transaction market.
The Chinese currency, RMB, maintained its position as the fourth most active currency for global payments by value in February, according to a report by SWIFT. China's Hong Kong SAR is the largest market for offshore RMB transactions, with a share of 79.9%. Despite the RMB's global share decreasing by 20.47% from January, the overall payments currencies also experienced a 10.37% decrease, according to SWIFT.
March 30, 2024
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