Browsing Tag
Chinese Yuan
107 posts
BRICS: India Saves $7 Billion by Ditching U.S. Dollar For Oil Trade
The U.S. sanctions pressed against Russia are helping India and other developing countries to purchase crude oil at…
BRICS: Indian Refiners Ditch US Dollar, Pay Chinese Yuan For Oil Trade
Indian refiners including the Indian Oil Corp (IOC) have started settling payments for oil with China using the…
BRICS: Argentina Allows Banks To Open Chinese Yuan Accounts, Ditch USD
In a move that is changing the geopolitical landscape of the financial world, Argentina allowed banks to open…
BRICS: China & Africa to Sign $19 Billion Deal, Trade in Chinese Yuan
In the latest BRICS developments, China is advancing to generate a trade deal worth $19 billion with Africa…
Chinese Yuan Nearing a 15-Year Low: What it Means For BRICS
As the Chinese yuan is nearing a 15-year low against the US dollar, the country’s central bank has…
BRICS: Saudi Arabia, Iran & Brazil Pay in Chinese Yuan, Ditch U.S. Dollar
The International Monetary Fund (IMF) has warned that many countries are settling trade with the Chinese Yuan and…
U.S. Dollar To Dominate For Next 10 Years: Central Banks
In May, the U.S. dollar index was seen making amends to its downtrend by inclining step by step.…
BRICS: 500 Companies to Pay for Imports in Chinese Yuan
The Chinese Yuan is gaining steam as the U.S. dollar might be losing ground. Argentina, which formally applied…
BRICS: France Could Ditch U.S. Dollar, Argentina & Pakistan Pay With Chinese Yuan
France is looking to attend the upcoming BRICS summit in South Africa, Johannesburg in August. French President Emmanuel…
BRICS: U.S. Dollar Declines 0.11%, Chinese Yuan Transactions Reach January 2022 Highs
The Chinese Yuan’s share in global SWIFT transactions reached its highest activity since January 2022. The overall international…