Baku 10° 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
20:53
60 killed in Iran's Ilam province since start of US-Israeli operation
Region20:38
Iranian military says it struck fuel tanks, aircraft at Ben Gurion Airport
Other countries20:16
At least 14 people killed in fire at South Korean car parts factory
Other countries19:56
Iran threatens US, Israel with retaliatory measures over Persian Gulf attacks
Region19:34
Türkiye detains 139 suspected ISIS members in nationwide operations
Region19:20
Modi condemns attacks on energy facilities in call with Pezeshkian
Region18:52
CENTCOM chief says 8,000 targets struck in Iran, degrading Tehran's military capabilities
Other countries18:37
Money transfers from Azerbaijan to Georgia drop nearly 42%
Finance18:21