Browsing Tag
Chinese Yuan
192 posts
BRICS Conducts 99.1% of Payments in Chinese Yuan, Ruble, Not US Dollar
BRICS members China and Russia’s trade payments have experienced a drastic shift since 2022 after the White House…
China Wants More Than a Global Yuan: A Bullion Hub Too
China is now aiming to double its global dominance and is experimenting with multiple new methods to increase…
US Ramps up Dollar Campaign Amid China’s De-Dollarization
The Trump administration is particularly keen on exploring ways to bolster the US dollar across the world. With…
De-Dollarization Steps Up: BHP Drops USD for China’s Yuan
The Chinese Yuan is slowly revamping its pace, bolstering efforts to gradually dominate the world markets. The yuan…
China’s Yuan Now Second Only to Dollar in Global Trade Finance
China is leaving no stone unturned to top market charts by establishing its currency as a dominant market…
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…