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SWIFT RMB Monthly Tracker (January 2013)
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SWIFT RMB Monthly Tracker (January 2013)

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The RMB Monthly tracker shows statistics on the RMB’s progress towards becoming an international currency. …

The RMB Monthly tracker shows statistics on the RMB’s progress towards becoming an international currency.

Published in: Economy & Finance

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  • 1. RMB TrackerJanuary 2013
  • 2. RMB Tracker – What is it?Monthly reporting andstatistics on renminbi(RMB) progresstowards becoming aninternational currency. 2
  • 3. January RMB Tracker:• Chinese RMB payments fail to take off in the United States• In December, 95.5% of the payments value between the United States and China/Hong Kong was still performed in USD, with only 0.3% in RMB• RMB remains world currency #14 3
  • 4. Source: Value Analyser
  • 5. Chinese RMB paymentsfail to take off in the United States CNY payments value evolution Lost 38% between Nov and Dec 2012
  • 6. Chinese RMB paymentsfail to take off in the United States Jan-12 Dec-12 Position Country Weight Country Weight #1 Singapore 32.7% United Kingdom 28.3% #2 United Kingdom 23.7% Singapore 22.7% #3 United States 5.6% Australia 8.2% #4 France 5.0% France 7.2% Top offshore corridors #5 Luxembourg 3.9% Luxembourg 4.3% with China and Hong Kong #6 Belgium 3.6% United States 4.1% USD: 95.5% HKD: 2.7 % MYR: 0.9 % JPY: 0.4 % Main currencies between United CNY: 0.3 % States and China/Hong Kong Payments value in Dec-12
  • 7. RMB as world payments currency
  • 8. Want to know more? SWIFT enables YOU to gain unique insights at any time on the RMB progresses in becoming an international currency: - Market intelligence - Your financial institution activity - Your activity share and/or peer benchmark Key resources for more information: - RMB Package - Business Intelligence solutions Business Intelligence Transaction Banking #SWIFTBI 8