Browsing Tag
Yuan
40 posts
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…
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…
