China’s share of global SWIFT payments slips to 2.85% in April, down from 3.1%
China's share of global SWIFT payments decreased to 2.85% in April, a decline from 3.1% in the previous month. This reduction underscores the challenges China faces in increasing the international use of its currency, the renminbi. Despite a slight increase in overall global payment values, the actual value of RMB-denominated payments fell significantly.
- ▪China's share of global payments processed through SWIFT dropped to 2.85% in April.
- ▪The decline from 3.10% to 2.85% represents a relative decrease of about 8%.
- ▪The actual value of RMB-denominated payments through SWIFT fell 14.14% month-over-month.
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China’s share of global SWIFT payments slips to 2.85% in April, down from 3.1% The renminbi's retreat in international payment flows highlights the gap between Beijing's ambitions and the dollar's stubborn dominance. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); China’s share of global payments processed through the SWIFT network dropped to 2.85% in April, down from 3.10% in the…
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