Baku 30° 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
13:37
Azerbaijan appoints new ambassador to Pakistan
Foreign policy13:33
Organizing Committee formed for Azerbaijan Investment Forum
Domestic policy13:23
Ambassador: Azerbaijan seeks deeper transport cooperation with Oman
Foreign policy13:22
Azerbaijan recalls ambassador to Estonia
Foreign policy13:16
Azerbaijan, Tajikistan approve education quota agreement
Foreign policy13:04
Kallas: EU sanctions five people linked to Russia's defense industry
Other countries12:49
Arsenal interested in Tottenham captain Romero
Football12:26
Thailand school shooting death toll rises to nine - UPDATED
Other countries12:15