The BOC Cross-border RMB Index (CRI) dropped 14 from June to stand at 279 in July, the Bank of China said on Friday.
Cross-border RMB settlement totaled 733 billion yuan under current accounts and direct investments in July, up 33.6 percent from a year ago, but down 9 percent from June, the BOC said. The RMB cross-border payments maintained net inflows during January-July this year, the BOC added.
Meanwhile, RMB accounted for 2.34 percent among the global payment and settlement currencies in July, up 0.25 percentage point from June, hitting a new record high, which was mainly attributed to growth in Hong Kong, United Kingdom and the United States, the BOC monitoring showed.
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