Use of euro in global payments nosedives – data ...News

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Use of euro in global payments nosedives – data
SWIFT cross-border transactions in the single currency hit a historic low in July, according to RIA Novosti analysis The use of the euro for international settlements dropped to its lowest level on record in July, RIA Novosti reported this week, citing data from SWIFT. Statistics showed that the proportion of cross-border transactions involving the world’s second most popular currency fell to 24.4% last month, down by 6.83 percentage points on the previous month. Payments using the US dollar climbed to 46.4%, while cross-border transactions with the Chinese yuan rose to more than 3% – the highest level since the s

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