Browsing Tag
Chinese Yuan
187 posts
BRICS Expands De-Dollarization: Chinese Yuan Lending Grows $480 Billion
BRICS member China has pressed the accelerator on de-dollarization as lending in the Chinese yuan surges. China’s push…
BRICS Speeds Up Dollar Selling, Chinese Firms Offload $51.8 Billion
Chinese banks have helped clients offload overseas currencies worth $51.8 billion, the highest since 2020. BRICS member China…
BRICS To Convert US Dollar Loans Into Chinese Yuan
BRICS member Ethiopia is in talks with China to convert its $5.38 billion worth of loans from the…
BRICS Pays 43% of Peanuts Exports in the Chinese Yuan
BRICS member Brazil has exported over 180,000 tonnes of peanuts to China, Russia, Algeria, and the Netherlands in…
Currency News: Why Crypto, Euro & Yuan Can’t Replace the US Dollar
The current financial world is largely accommodating talks of rising de-dollarization, discussing whether the US dollar has become…
BRICS Demands Chinese Yuan For Oil Deals
BRICS members Russia, China, and India are looking at the Chinese yuan for oil settlements and not the…
China Rejects US Soybeans, Buys From BRICS Countries
China is refusing to buy US soybeans and has cut imports due to the tariffs and trade wars.…
BRICS Pays For Soybeans in Chinese Yuan, Oil in Rupee
The writing is on the wall, the world is less inclined to use the US dollar hereafter. While…
De-Dollarization: China’s First Crypto Move to Globalize Yuan
China is now making strategic moves to establish its new global dominance in the sector of finance and…
Dollar Decline: Is China’s Yuan Poised to Go Global?
China was always a keen competitor, an observer eyeing opportunities that would help in the internationalization of its…