Economic growth no guarantee of RMBi success, says Swift

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Economic growth no guarantee of RMBi success, says Swift

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Pile of rolled-up currency notes with China Renminbi in font. | ThamKC - Fotolia

China’s economic growth will do little to help promote renminbi internationalisation, according to an October 17 report by Swift. The comment came as the renminbi falls to eighth place in the league table of the world’s most used payment currencies.

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