Chinese yuan fourth biggest payment currency

By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-04-18 15:16

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A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa]

The Chinese yuan has ranked as the world's fourth biggest payment currency for the fifth month in a row as of March, accounting for 4.69 percent of global payments by value, according to global financial messaging platform Swift.

The proportion was up from 4 percent in February and 2.26 percent in March 2023, Swift said in its latest RMB Tracker report on Wednesday.

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