Baku 4° 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
21:26
Photo
Azerbaijani Defense Industry Minister holds meetings at World Defense Show 2026 in Riyadh
Domestic policy21:24
President: I hope that the project to lay a fiber-optic cable in the Caspian Sea will be completed this year
ICT21:19
Ilham Aliyev: Students of secondary schools should be provided with basic knowledge in digitalization
Domestic policy21:14
Ilham Aliyev: Azerbaijan is working in strategic partnership format with world's leading powerhouses
Foreign policy21:10
Ilham Aliyev: Each state agency should designate a deputy for digitalization, AI, and cybersecurity
Domestic policy21:06
Ilham Aliyev: Over past 20 years, Azerbaijan's generation capacity has almost doubled
Domestic policy21:03
Ilham Aliyev: Over past 20 years, more than $350B have been invested in Azerbaijani economy
Domestic policy20:59
Photo
President Ilham Aliyev chaired meeting dedicated to the unified action plan on "Azerbaijan's New Digital Architecture"
Domestic policy20:53