In January 2022, the share of the yuan in SWIFT transactions was 3.2%. In May 2023, it increased by 0.25 percentage month-on-month.
The US dollar remained the main trading currency in May, at 42.6%, although its share decreased by 0.11 percentage points compared with April.
The euro's share saw no significant change in May, slightly decreasing by 0.04 percentage points to 31.7%.
SWIFT is an international banking system for financial transactions and payments involving over 11,000 major financial organizations worldwide.