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Category Chinese Yuan

China Forces Australia To Settle Deals in Chinese Yuan, Banks Say No

China Forces Australia To Settle Deals in Chinese Yuan, Banks Say No

China is arm-twisting Australia to settle trade deals in its local currency, the Chinese yuan, but Australian banks…
BRICS Country Turns To Chinese Yuan To Cut US Dollar Dependency

BRICS Country Turns To Chinese Yuan To Cut US Dollar Dependency

The Chinese yuan is taking a larger role in the global markets and is slowly becoming an alternative…
Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan

Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan

Kenya, Panama, Sri Lanka, and other developing countries have snubbed the US dollar to receive loans from BRICS…
Trump’s Economic Moves Are Powering the Yuan, Not the US Dollar

Trump’s Economic Moves Are Powering the Yuan, Not the US Dollar

Donald Trump’s latest tariff policies have attracted significant attention from across the world. Trump has gained widespread criticism…
3 Sectors Most Exposed to De-Dollarization: Do You Hold Them?

3 Sectors Most Exposed to De-Dollarization: Do You Hold Them?

The phenomenon of de-dollarization is as real as it gets. The event is not merely restricted to just…