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According to the latest report of the global Interbank Financial Telecommunication Association (Swift), the international payment of RMB ranked the fifth most active currency in September; the share of international payment of RMB fell to 1.95% from 2.22% in August, which was the highest level since January 2016 last month.
In general, the payment value of RMB decreased by 11.82% compared with August, while that of all other payment currencies increased by 0.19% over the same period, swift said, adding that if the international payment ranking within the euro area is excluded, RMB dropped by one to eighth place in September, with a share of 1.26%, and rose by one to seventh place last month, with a share of 1.42% at that time.
According to the data published in the report, in September, the US dollar, euro and British pound ranked the top three with 40.51%, 32.77% and 6.97% respectively; the yen ranked fourth with 3.72% and the Canadian dollar ranked sixth with 1.92%, while the Australian dollar and Hong Kong dollar ranked seventh to eighth with 1.67% and 1.46% respectively.
After deducting payments within the euro area, the US dollar, euro, yen and British pound are still in the top four, accounting for 46.28%, 31.03%, 4.61% and 4.22% respectively; the fifth to seventh places are 2.49% of Canadian dollar, 1.68% of Australian dollar and 1.57% of Swiss franc, respectively.
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