Browsing Tag
Chinese Yuan
122 posts
BRICS: Argentina Using Chinese Yuan in IMF Payment
With the BRICS Summit less than a month away, Argentina and Bolivia are using the Chinese yuan for…
BRICS: Bolivia Ditches U.S. Dollar, Pays Chinese Yuan for Global Trade
The BRICS alliance is becoming successful in convincing developing countries to end reliance on the U.S. dollar and…
BRICS: Will the Chinese Yuan Replace U.S. Dollar as Global Reserve?
The BRICS alliance is looking to create an alternative currency to challenge the U.S. dollar’s global reserve supremacy.…
BRICS: U.S Home Appliance Brand Whirlpool Ready To Pay in Chinese Yuan
The U.S. home appliance brand Whirlpool is finding it hard to sustain business in Argentina and now depends…
BRICS: America’s Whirlpool Looks To Pay in Chinese Yuan, Not US Dollar
America’s leading home appliance firm Whirlpool is considering settling cross-border transactions in its factory in Argentina using the…
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…