Go to the BIS website at www.bis.org/statistics/payment_stats.htm and find the most recent data on the participation in major payment systems (Table 17–3).

Click on “BIS Statistics Explorer.” Click on “United States.” This will bring Table 7 which contains data on participation in major payment systems. How have these numbers changed since 2019?

Transcribed Image Text:

TABLE 17-3 Wholesale Wire Transfer Systems in Selected Countries Source: Bank for International Settlements, Statistics on Payment Systems in Selected Countries, December 2019. www.bis.org Volume of Transactions (millions) Annual Value of Transactions (US$ billions) Exchange Annual Transactions Value as % of GDP GDP Rate On (US$ billions) Currency Dec 2019 France TARGET2-BdF 10 94,421 3,451% 2,736 EUR 0.8909 Germany TARGET2-BBK 48 234,686 6,020 3,899 EUR 0.8909 Hong Kong HKD CHATS RMB CHATS Japan 5 00 8 31,164 8,533 365 HKD 7.7886 38,332 10,496 365 HKD 7.7886 FXYCS 7 40 1 5,164 JPY 108.685 BOJ-NET 18 368 7 5,164 JPY 108.685 Netherlands TARGET2-NL m 70,330 7,706 913 EUR 0.8909 Switzerland SIC 658 40,996 5,454 752 CHF 0.9675 United Kingdom CHAPS-Sterling 49 110,619 3,761 2,941 GBP 0.7540 United States Fedwire 168 696,000 3,247 21,433 USD 1.0000 CHIPS 118 417,000 1,946 21,433 USD 1.0000 European Union TARGET2 89 510,816 3,368 15,167 EUR 0.8909 EURO1/STEP1 53 47,217 311 15,167 EUR 0.8909