BoC index shows overseas RMB usage hit new high in May
Bank of China’s (BoC) latest level for its cross-border RMB Index (CRI) shows that RMB usage in overseas markets reached a high in May, with the share of RMB usage in global payments standing at 2.18%, exceeding the previous record of 2.17% in December 2014.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts