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RMB gains larger share in global payments: SWIFT

BEIJING, June 24 (Xinhua) — The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in May with a larger share, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.

The RMB’s share in global payment accounted for 2.15 percent last month, up from the 2.14-