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RMB overtakes RM in Malaysia-China payments

Latest SWIFT data shows use of Chinese currency jumped by 68% over last 12 months

Kuala Lumpur

THE Chinese yuan or renminbi (RMB) - an increasingly used currency for global payments - is rapidly gaining ground in Malaysia with the most recent Society for Worldwide Interbank Financial Telecommunication or SWIFT data showing its use for payments with China and Hong Kong

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