Browsing Tag
Chinese Yuan
213 posts
De-Dollarization Hits a Wall
China was the first to kick-start the de-dollarization agenda by leveraging the US sanctions on Russia in February…
Libya Turns to China’s Payment System to Cut US Dollar Dependence
Libya is taking China’s assistance to cut its US dollar dependence and is rewiring trade deals with the…
Chinese Yuan Makes Inroads in Africa’s US Dollar-Dominated Trade
The Chinese yuan is steadily gaining ground in Africa, with the currency penetrating trade and commerce, which were…
Goldman Sachs Says Chinese Yuan Will Strengthen Against the US Dollar
Leading global bank Goldman Sachs wrote in a note to clients that the Chinese yuan is at least…
Crude Oil Payments in Chinese Yuan Triples, Aides De-Dollarization
After the US, Israel, and Iran war broke out in late February, the procurement of crude oil came…
BRICS Accelerates Dollar Exit, Yuan Settlements Jumps To $214 Billion
Developing countries are accelerating the de-dollarization agenda by exiting the US dollar from trade and transactions. BRICS members…
BRICS New Development Bank Touts Chinese Yuan For Global South Funding
The BRICS New Development Bank (NDB) is touting the Chinese yuan for funding across the Global South. China’s…
Iran: Ships Moving in Strait of Hormuz Must Pay in Crypto, Yuan
Iran is now demanding that ships transiting through the Strait of Hormuz must pay fees in crypto or…
BRICS: China Settles $1.3 Trillion in Chinese Yuan With ASEAN Nations
BRICS member China reported settling 8.9 trillion in the Chinese yuan with ASEAN countries, which is equivalent to…
BRICS: Chinese Yuan Winning Over Africa, Will US Dollar Be in Trouble?
While the BRICS alliance has cooled down on pushing local currencies for global trade, China is doing the…