LC usage in Bangladesh skyrockets in 2012
May 6, 2013
RMB is now second most-used LC currency
The renminbi has surpassed the euro as the second most used currency in letters of credit and documentary credits, according to data from Swift.
The Society for Worldwide Interbank Financial Telecommunication (Swift) has released its most recent data monitoring the flows of financial messages, and the renminbi is now the second-most used message for letters of credit and documentary credits.
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