Categories Business China takes new measure to promote de-dollarization Posted on Posted onJanuary 11, 2023January 11, 2023By Editor Beijing extends hours for onshore yuan trading. … Read More >China takes new measure to promote de-dollarization
Categories Business China wants to drop dollar in oil trade – Reuters Posted on Posted onDecember 14, 2022December 14, 2022By Editor President Xi Jinping has reportedly said his country will work to pay for fuel in yuan. … Read More >China wants to drop dollar in oil trade – Reuters
Categories Business Beijing orders state banks to get ready for massive dollar dump – Reuters Posted on Posted onOctober 1, 2022October 1, 2022By Editor The Chinese authorities are reportedly striving to shore up the yuan. … Read More >Beijing orders state banks to get ready for massive dollar dump – Reuters
Categories Business Sanctioned Russian bank bypasses SWIFT Posted on Posted onSeptember 8, 2022September 8, 2022By Editor State lender VTB launches transfers in Chinese yuan. … Read More >Sanctioned Russian bank bypasses SWIFT
Categories Business Trust in dollar gone – Putin Posted on Posted onSeptember 8, 2022September 8, 2022By Editor Russia is gradually moving away from ‘unreliable’ currencies, the Russian president says. … Read More >Trust in dollar gone – Putin
Categories Business India ditches US dollar in Russia trade – Reuters Posted on Posted onAugust 11, 2022August 11, 2022By Editor New Delhi turns to Chinese yuan and Emirati dirham to pay for coal from sanction-hit country. … Read More >India ditches US dollar in Russia trade – Reuters
Categories Business Ruble-yuan trade soars over 1,000% Posted on Posted onJune 2, 2022June 2, 2022By Editor Russia and China are ditching the US dollar in favor of national currencies. … Read More >Ruble-yuan trade soars over 1,000%
Categories Business Russians ditching dollars and euros for yuan – survey Posted on Posted onApril 9, 2022April 9, 2022By Editor Accounts in the Chinese currency at Russian banks are spiking amid Western sanctions. … Read More >Russians ditching dollars and euros for yuan – survey
Categories Business Saudi Arabia considers selling oil in yuan – media Posted on Posted onMarch 15, 2022By Editor Top oil producer distances itself from petrodollar hegemony. … Read More >Saudi Arabia considers selling oil in yuan – media
Categories Business China cheers Russia’s move away from US dollar in favor of yuan Posted on Posted onJuly 18, 2021July 18, 2021By Editor Beijing has welcomed Russia’s decision to cut the US currency from its National Wealth Fund and give the yuan a bigger role, China’s Foreign Ministry has announced. … Read More >China cheers Russia’s move away from US dollar in favor of yuan