BEIJING, Jun. 5 (Xinhua) -- Payment made by the Chinese Renminbi weighed 1.66 percent in the international payment market in April, rising 0.04 percentage point from that in the previous month, according to the latest data released by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) on May 30.
The RMB’s ranking in the international payment remained at the sixth place in April, according to SWIFT.
The report showed that in April, the international payment amount of the RMB fell by 3.18 percent compared with in March, while the total amount of payment for all currencies shrank by 5.84 percent in the same period.
Hong Kong remains the largest offshore RMB centre. Its RMB trading volume accounted for 74.97 percent of the total offshore RMB trading volume in April, followed by Britain and Singapore, accounting for 5.97 percent and 4.64 percent, respectively.
In April, in the international payment market, shares of the U.S. dollar, the euro, the British pound, the Japanese yen and the Canadian dollar ranked from the first to the fifth, respectively accounting for 39.21 percent, 34.32 percent, 7.41 percent, 3.47 percent and 1.71 percent.
In November and December of 2017, the RMB's ranking in global payment system was at the fifth place for two consecutive months.
In August 2015, the RMB’s share in the global payment market reached a record high of 2.79 percent, making the RMB overtaking the yen to become the world’s fourth largest payment currency.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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