Renminbi (RMB)/Yuan Appreciation & Internationalization

luminary

Senior Member
Registered Member
According to
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, international transactions utilizing the world’s second most popular currency have dropped to 23%. This is a sizable dip from the 38% it reported at the beginning of the year.
1696025925243.png
Meanwhile, the share of the
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, also known as the Renminbi (RMB), has increased. As per reports, China’s share in international payments reached an all-time high of 3.47% last month.
 

tphuang

Lieutenant General
Staff member
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VIP Professional
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According to
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, international transactions utilizing the world’s second most popular currency have dropped to 23%. This is a sizable dip from the 38% it reported at the beginning of the year.
View attachment 119491
Meanwhile, the share of the
Please, Log in or Register to view URLs content!
, also known as the Renminbi (RMB), has increased. As per reports, China’s share in international payments reached an all-time high of 3.47% last month.
I mean swift is not all that relevant if it doesn't count all the cips transactions
 

luminary

Senior Member
Registered Member
For the first time, China-Brazil trade has realized the entire process of closed-loop transactions in local currency, including yuan-denominated, yuan-settled, yuan-financed, and yuan-directly-converted transactions to the Brazilian real, as reported by
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on Monday. Eldorado Brasil did the pilot transactions.

@
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