Russia ranked third in the use of the yuan in international payments
[ad_1]
In July, Russia rose from seventh to third place in the list of countries in the world in terms of using the yuan for international payments. statistics (.pdf) is published monthly by the interbank payment system SWIFT.
Russia accounted for 3.9% of yuan transactions last month. The leader in the use of the yuan is Hong Kong (70.93%). The top 5 also includes the UK (6.35%), Singapore (3.77%) and the US (2.98%).
In general, the yuan in July became the fifth currency in terms of use in international trade (2.2% of the total). The Chinese currency was outperformed by the dollar (41.19%), the euro (35.49%), the pound sterling (6.45%) and the Japanese yen (2.82%).
Chinese Ambassador to Russia Zhang Hanhui toldthat the share of the yuan in trade settlements between the two countries increased from 3.1% in 2014 to 17.9% in 2021. Yesterday, August 18, yuan overtook dollar in terms of trading volume on the Moscow Exchange.
Details – in the material “Kommersant” “Yuan will be the third”.
[ad_2]
Source link
