The share of the US dollar in global financial settlements dropped in February, according to the SWIFT inter-bank transaction system.

The use of the greenback fell 1.07%, down to 39% of all global transactions conducted via SWIFT. However, on a yearly basis, the dollar’s share was still up by 0.42%.

https://i0.wp.com/www.rappler.com/tachyon/2021/03/chinese-yuan-banknotes-shutterstock-ls.jpg?w=696&ssl=1

The share of settlements in euro, on the other hand, rose in February by 1.23%, to 38%. The euro has increased the most among the top 5 global currencies year on year.

The Chinese yuan lost its position to the Japanese yen last month, dropping 0.97% and taking 2% in global calculations. However, the share of the yen in global settlements also decreased, and now stands at 3%.

Almost 18% of the other SWIFT transactions are split by the rest of the world, including Russia, India, the Middle East and South America.

RT. com / ABC Flash Point News 2022.

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Alojzy Brzeczyszkiewicz
Alojzy Brzeczyszkiewicz
Guest
28-03-22 23:34

I don’t understand why the gold exchange is held in London. Everyone knows that the price is manipulated. In the present conditions, Shanghai will be the most appropriate place.

Jonht
Jonht
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Reply to  Alojzy Brzeczyszkiewicz
29-03-22 00:14

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OMG
OMG
Guest
28-03-22 23:40

Who wants to use a fiat currency that is not independent but could be used against your country if you don’t listen to their demands? Someday you may find that it can’t buy you a toilet roll.

Jonht
Jonht
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Reply to  OMG
29-03-22 00:14

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Jonht
Jonht
Guest
28-03-22 23:41

The SWIFT inter-bank system is being bypassed more these days so these SWIFT figures need qualification as they are not fully representative of reality.

Jonht
Jonht
Guest
29-03-22 00:13

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