The Chinese yuan share in trade settlements through the international payment system “Swift” rose to a record high of 5.8% for the first time ever in September, which allowed it to surpass the euro and become the second major currency in trade.
The main trading currency in September remained the US dollar, with a share of 84.15%.
The Chinese yuan rose to second place for the first time as its share jumped by one percentage point during September to 5.8%, which became a record for this currency.
The euro dropped one position in this ranking; its share in trade settlements fell by one percentage point to 5.43%.
The top five currencies also include the Japanese yen (1.4%) and the Saudi Riyal (0.56%).
The share of the US dollar fell by 1.45 percentage points in September to 46.58%, while the euro strengthened its position in September and its share increased by 0.38 percentage points to 23.6%.
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