Browsing Tag
Yuan
50 posts
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…
China’s Changshu City Employees to Receive Salaries in Digital Yuan
According to an official report, employees in Changshu, China, will receive their salaries in digital Yuan from May…
Russia’s Sberbank Begins Amassing Chinese Yuan
Demand for the Chinese Yuan is increasing as more and more nations opt against using the U.S. Dollar.…
China’s Yuan Could Rally 5.5% Against U.S. Dollar in 2023: Asset Manager
With several nations raising concerns about the U.S. dollar, the de-dollarization narrative has been getting stronger in 2023.…
Will China & Russia Succeed in Replacing the U.S. Dollar?
A series of events unfolded recently challenging the supremacy of the U.S. dollar in the global marketplace. Firstly,…
CME Group Kickstarts Offshore Yuan Options Trading
On Monday, the Chicago Mercantile Exchange [CME] kickstarted options trading for Chinese yuan futures. The launch comes on…
Iraq to Allow Chinese Trades to be Settled in Yuan
The Central Bank of Iraq mentioned its plans to carry forward trade from China and settle the trades…
