https://sputnikglobe.com/20220819/russia-becomes-third-largest-market-for-yuan-payments-in-july-swift-1099763312.html
Russia Becomes Third-Largest Market for Yuan Payments in July: SWIFT
Russia Becomes Third-Largest Market for Yuan Payments in July: SWIFT
Sputnik International
MOSCOW (Sputnik) - Russia stepped up to the third place in the use of yuan in international payments in July, the SWIFT payment system said. 19.08.2022, Sputnik International
2022-08-19T10:23+0000
2022-08-19T10:23+0000
2022-08-19T11:40+0000
swift
yuan
russia
economy
https://cdn1.img.sputnikglobe.com/img/07e6/07/0e/1097303750_0:0:3072:1728_1920x0_80_0_0_1600460c6ddddce5b0d4ce9bd39ff4e8.jpg
Russia was in the top 15 offshore economies and accounted for 3.9% of international payments in yuan in July, according to SWIFT's yuan progress tracker. In June the same indicator for Russia stood at 1.42%.Hong Kong and the United Kingdom, which accounted for 70.93% and 6.35% of international payments in yuan, respectively, are the only two economies ahead of Russia in SWIFT's rating.According to the report, the yuan has maintained its position of the fifth most active currency for global payments by value, accounting for 2.2% in July 2022, compared to 1.86% in July 2020. The yuan ranked sixth in international payments excluding payments within the Eurozone, rising up one line after overtaking the Australian dollar and accounting for 1.51% in July 2022, compared to 1.22% in July 2020.
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2022
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
swift, yuan, economy
Russia Becomes Third-Largest Market for Yuan Payments in July: SWIFT
10:23 GMT 19.08.2022 (Updated: 11:40 GMT 19.08.2022) MOSCOW (Sputnik) - Russia stepped up to the third place in the use of yuan in international payments in July, the SWIFT payment system said.
Russia was in the top 15 offshore economies and accounted for 3.9% of international payments in yuan in July, according to SWIFT's yuan progress tracker. In June the same indicator for Russia stood at 1.42%.
Hong Kong and the United Kingdom, which accounted for 70.93% and 6.35% of international
payments in yuan, respectively, are the only two economies ahead of Russia in SWIFT's rating.
According to the report, the yuan has maintained its position of the fifth most active currency for global payments by value, accounting for 2.2% in July 2022, compared to 1.86% in July 2020.
The yuan ranked sixth in international payments excluding payments within the Eurozone, rising up one line after overtaking the Australian dollar and accounting for 1.51% in July 2022, compared to 1.22% in July 2020.
