An indicator, which was significantly larger than the May value for this year, was noted in January 2022, when 3.2% of yuan payments were made via SWIFT. When compared to April 2023, the share increased by 0.25 percentage points in a single month.
In May, the dollar continued to be the most widely used currency. However, compared to April, its proportion has decreased by 0.11 percentage points, rising to 42.6%.
Over the course of the month, the European currency’s share declined by 0.04 percentage points, nearly remaining unchanged. It was 31.7% at the end of May.
source: swift.com
