Browsing Tag
Yuan
36 posts
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…
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: 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: Argentina Asks China For Expanded Currency Swaps in Yuan
Argentina is reportedly asking China for expanded currency swaps in the yuan amidst a peso sell-off. Moreover, the…
Has Argentina Succumbed to China’s Yuan, Or Is It a Minor Setback?
Concerns over China’s Yuan overtaking the U.S. Dollar as the international standard currency has been ongoing for some…
China’s Yuan Sees Record Use in Global Central Banks Swap Lines
A record amount of China’s Yuan was drawn from foreign exchange swap lines by central banks worldwide in…
BNP Paribas to Link China’s Digital Yuan CBDC to Bank Accounts
French bank BNP Paribas (BNP) is encouraging the usage of China’s digital yuan by connecting wallets to bank…
Chinese Banks Report ‘Rising’ Trades With Russia Using Yuan
Chinese banks are intensifying their efforts to encourage the usage of the Yuan in international trade, especially in…
Chinese Yuan Surpasses U.S. Dollar in Chinese Cross-Border Transactions
As per an analysis by Bloomberg Intelligence [BI] using statistics from the State Administration of Foreign Exchange, the…
