The euro's share of global payments falls to its lowest level in 10 years

30.10.2024 23:00 | Category Economics

According to SWIFT, the euro's share of global payments has fallen sharply from 39% to a decade low of 21%. The US dollar is reported to remain the dominant global currency.

The dollar now accounts for 49% of international payments, a 12-year high. However, the use of the yuan has increased from about 2% last year and is now around 5%.

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The euro's share of global payments falls to its lowest level in 10 years

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