Browsing Tag
Yuan
35 posts
BRICS: Russia Outperforms US Dollar by Dumping Yuan & Ruble Currencies
BRICS member Russia recently dumped local currencies the Ruble and Chinese Yuan to take on the US dollar.…
BRICS: Russia Dumps Currencies Worth $8.7 Million in Yuan & Ruble Set
BRICS member Russia is aggressively buying and selling currencies in the foreign exchange markets. The Central Bank of…
BRICS: India Refuses To Pay Chinese Yuan for Oil, Prefers US Dollar
Cracks are developing between the top three BRICS members India, China, and Russia over payment options for Russian…
BRICS: China Targets Firms Making Bulk US Dollar Purchases
The US dollar is rising against the Chinese yuan, and the Communist country is worried about the development.…
China’s Digital Yuan CBDC Integrates Business Air Travel
Chinese business travelers can now reportedly pay for flight tickets using China’s digital yuan CBDC (Central Bank Digital…
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.…
China Must Consider ‘Yuan Backed Stablecoins’ Over CBDCs
China has been experimenting with CBDCs for quite some time now. As of the beginning of the year,…
China Inflation Eases to 0%: U.S. Dollar Rises, Yuan Dips
A few hours back, China released its inflation numbers for June. The rate eased to zero, its lowest…
DBS Bank Expands Crypto Offerings with Digital Yuan Payment Tool
While banks around the world have been skeptical about cryptocurrencies, Singapore-based banking giant DBS has been quite 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…