By Rhod Mackenzie

The share of the euro in global settlements through the SWIFT interbank system reached a historic low in March, accounting for 21.93% of the total, according to data analysed by RIA Novosti.
Over the course of the month, the euro lost 1.32 percentage points. In contrast, the dollar strengthened its position. Its share increased by 0.81 percentage points compared to February, reaching 47.37%. This represents the highest level since December last year.

The share of settlements in yuan through the system is also at its all-time maximum, at 4.69%. Over the month, it grew by 0.69 percentage points.

However, in 2014, when Western countries first threatened to cut Russia off from the system, alternatives began to be created. In Russia, this is the Financial Message Transmission System, in China it is the System of Cross-Border Interbank Payments, and in India, there is also a system for transfers.

The top ten most popular currencies in the world include the Canadian, Australian, Hong Kong and Singapore dollars, as well as the Thai baht.