Global Use of the Renminbi is to Fall

Use of the renminbi in global payments fell in March. The Chinese currency broke into the top5 most used payments currencies last year, overtaking the Canadian and Australian dollars. But in February, renminbi use dropped to 1.8% of global payments from 2.2%, nudging it back down to 7th in the rankings. Issuance of offshore renminbi […]

4 April , 2015Comments Off on Global Use of the Renminbi is to FallRead More