RMB's global payment share up in August

File photo shows a worker counts Chinese currency renminbi (RMB) at a bank in Linyi, east China's Shandong Province. (Xinhua/Zhang Chunlei)

BEIJING, Sept. 22 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise for a fourth straight month in August, a report has said.

The RMB's global share was up from 2.2 percent in July to 2.31 percent last month, according to the Society for Worldwide Interbank Financial Telecommunication, a global provider of financial messaging services. The currency remained the fifth most active currency.

In August, the RMB payments value gained 9.25 percent from a month ago, higher than the 4.01-percent increase in that of all payments currencies.

In terms of international payments excluding the Eurozone, the RMB continued to rank sixth with a share of 1.55 percent.

Editor: Su Dan
Today’s Recommendations

Infographics | Highlights of China-Africa trade cooperation

Since the 2018 Forum on China-Africa Cooperation in Beijing, China and Africa have enhanced their solidarity and mutual trust, especially during the COVID-19 pandemic. Here are some statistics from the trade cooperation between China and Africa. These figures demonstrate the confidence of Chinese enterprises in Africa's future and the prospects of the African market.【detailed】

Economic Watch: Road, trade and exchange, China and ASEAN countries forge closer community

A handful of seashells are on display in a museum in southwest China's border province of Yunnan, recording the country's past history of international communication.【detailed】