Renminbi's global share of payments drops

The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar

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Renminbi: portion of global payments by value was 1.82% last month, down 7.73% compared with March

Global use of the renminbi for payments declined in April to 1.82%, meaning the Chinese currency has fallen back one position and now sits on sixth place, behind the Canadian dollar which has a share of 1.83%, according to payments infrastructure company Swift.

Although the gap between the two currencies is minor, the overall renminbi payments value decreased by 7.73% compared with March, whilst payments across all currencies decreased by 4.60%, according to the monthly statistics provided by

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