The renminbi grew its share of international transactions – if only slightly – as the US dollar ceded ground to the euro in September.
The Chinese currency accounted for 2.03 per cent of international transactions via the Swift global bank payment messaging network last month, up from 1.86 per cent in August.
That reading from the partial measure of the currency’s international prominence puts it closer to its January peak of 2.45 per cent this year and a record level of 2.79 per cent reached in August 2015.
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