Browsing Tag
Chinese Yuan
122 posts
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…
BRICS: Iraq Bans U.S. Dollar, Egypt Ditches USD, France & Pakistan Pay With Chinese Yuan
Iraq’s Interior Ministry placed a ban on U.S. dollar transactions across the country in a move to strengthen…
BRICS: Pakistan’s Russian Oil Import Paid in Chinese Yuan
Pakistan has paid for its first government-to-government import of Russian oil in the Chinese yuan. Moreover, the development…
BRICS Nations: Call for Chinese Yuan Adoption Over US Dollar Shows Turning Tide
Amid the rising prominence of the BRICS nations, de-dollarization has seemingly been in full effect. Moreover, Syria has…
Argentina To Pay for Imports in Chinese Yuan, Ditching US Dollar
According to a Wednesday announcement by the government, Argentina will start to pay for Chinese imports in Chinese…
BRICS: Bangladesh Pays Nuclear Plant Loan to Russia in Chinese Yuan in Latest Example of US Dollar Failing
In what is another example of de-dollarization pursued by the BRICS nations, Bangladesh pays a nuclear plant loan…