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Category Chinese Yuan

BRICS Rejects USD: 50% of Transactions in Chinese Yuan

BRICS Rejects USD: 50% of Transactions in Chinese Yuan

The intra-BRICS trade is now being dominated by the local currencies as 50% of trade were settled in…
Chinese Yuan Quietly Replaces Dollar in Asia, Africa

Chinese Yuan Quietly Replaces Dollar in Asia, Africa

The Chinese Yuan is slowly moving on top of the currency radar. World politics has now started to…
US Dollar Still Accounts for the Majority of Global Reserves & Trade

US Dollar Still Accounts for the Majority of Global Reserves & Trade

The US dollar is currently in the middle of a rapid change. There are speculations of the world…
Why ASEAN Isn’t Using the US Dollar as Much Anymore

Why ASEAN Isn’t Using the US Dollar as Much Anymore

A new trend is now gaining rapid momentum among the ASEAN nations. This new trend involves paying in…
World Turns Inward—Local Currencies Rise as US Dollar Wanes

World Turns Inward—Local Currencies Rise as US Dollar Wanes

The financial world dynamics are up for a massive haul, with the local currency narrative winning as the…