Browsing Tag
Chinese Yuan
211 posts
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…
Iran May Let Tankers Pass Hormuz Only if Oil Is Sold in Chinese Yuan
The US-Iran war continues to evolve, bringing in new perspectives and changes to this ongoing conflict. In another…
China Encouraging Banks & Companies To Buy More US Dollars
China is encouraging State-run banks to buy more US dollars to rein in the rising Chinese yuan. The…