Chinese yuan
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95% of the country’s transactions with India and China were conducted in local currencies last year © Getty Images/izzetugutmen National…
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The yuan and ruble are now used in 90% of transactions between the two countries, Yury Ushakov says © Getty Images…
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Tapping Russian assets frozen in the EU will bring harm to the single currency, the head of the Bank of…
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22.01.20240 0
Can yuan replace dollar in global trade?
Russia is not the only major economy to use the Chinese currency for trade settlements as more and more nations…
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For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative…
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Most payments for imports of such products in 2023 were made using yuan and rupees, according to the outlet © AFP…
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24.12.20230 0
Share of yuan in global payments rising – SWIFT
The Chinese currency has topped the Japanese yen in international transactions, according to data © Getty Images / Bloomberg Creative The…
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Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM © Getty Images / alptraum Western…
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Restrictions have effectively led to Russia increasing its sovereignty, the president has said © Getty Images / mzabarovsky Western countries are…
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06.12.20230 2
Yuan benefiting from sanctions on Russia – tycoon
Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims © Getty Images / Bloomberg Creative The share…