Baku 6° C
Euro tops dollar as payments currency for first time since 2013
Finance
- 19 November, 2020
- 13:27
The Euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013, Report says, citing SWIFT payment system.
In July 2013, the share of Euro transactions in the international payments was 37.5%, while the dollar - 36.14%, but already in August, the dollar regained leadership, reaching 40.14%.
Though the Euro did not manage to reach the previous indicators: by the end of October 2020, its share was 37.82%, and the dollar - 37.64%.
SWIFT is an international interbank system of information transmission and payment improvements. More than 11 thousand of the largest organizations are connected to it in about 200 countries.
Author
Latest News
01:18
Photo
Leyla Aliyeva visits Narimanov Children's Clinical Hospital of Republican Pediatric Center
Domestic policy00:03
Photo
Chairman of Caucasus Office hosts Iftar ceremony on occasion of holy month of Ramadan
Religion23:56
Tehran's envoy in UK summoned 'in response to Iran's role in recent events'
Other countries23:45
Iraq faces complete blackout
Other countries23:41
Death toll from Israeli strikes on Lebanon rises to 72
Other countries23:21
Iran lets 2 ships from 'friendly countries' pass through Strait of Hormuz
Region23:08
Bochorishvili: Geopolitical significance of Middle Corridor is growing
Infrastructure22:56
Kars governor hopes for Zangezur corridor opening soon
Region22:47