Browsing Tag
Chinese Yuan
197 posts
Chinese Banks Start Purchasing the US Dollar
Chinese State-owned banks are aggressively buying the US dollar this week after the yuan hit a 14-month high.…
China Forces Australia To Settle Deals in Chinese Yuan, Banks Say No
China is arm-twisting Australia to settle trade deals in its local currency, the Chinese yuan, but Australian banks…
BRICS Country Turns To Chinese Yuan To Cut US Dollar Dependency
The Chinese yuan is taking a larger role in the global markets and is slowly becoming an alternative…
BRICS Removing the US Dollar in Iron Ore Deals
BRICS member China is using iron ore imports as a new pawn in international geopolitics, after rare earth…
Belt & Road Partners Push Yuan Toward Wider International Use
The US dollar competitors are gaining strength as the Chinese Yuan is steadily climbing on the radar to…
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…