SWIFT's September RMB Tracker shows that over the past two years, RMB payments worldwide have nearly tripled in value. In addition, the RMB is now supported by a much broader base with 35% more financial institutions using the RMB for payments with China and Hong Kong.
This RMB Tracker provides key statistics to understand the progress made in China's Renminbi (RMB) towards becoming an international currency.
On top of the RMB Tracker, we offer RMB Market Insights. This report is designed as a mean to track in detail and follow the growth of RMB and its impact on the financial industry as a whole. The report will help with identifying the top currencies including their growth across various markets, as well as the top countries using RMB across all these markets. In addition, an analysis of specific message types containing RMB transactions is included, showing the number of transactions, as well as transaction value and activity share versus total SWIFT.
For more information about RMB Market Insights, please contact your Account Manager or Watch@swift.com.
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