SWIFT analysis on Renminbi usage

SWIFT analysis on Renminbi usage

The value of international CNY payments was on a negative trajectory in 2016 and fell by 16% compared to 2015, dropping from 2.03% of international payments in March 2015 to 1.78% of international payments in March 2017. It has since fallen again to 1.60% in April 2017. This decrease in payments may be attributed to a convergence of events, including the slowdown of the Chinese economy, the volatility of the CNY exchange rate and regulatory measures on capital outflows.

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