Jun 20 2023
According to Commerce Secretary Matias Tombolini, the Argentine government reported that approximately 19% of authorized imports in the national system were successfully paid using the Chinese yuan during the months of April and May. To safeguard the country’s dollar reserves, a total of $2.72 billion worth of Chinese yuan was approved for these transactions, leveraging …
May 29 2023
According to the chairman of Russia’s second-largest bank, there are strong indications that the Chinese yuan will replace the US dollar as the world’s primary reserve currency. With the central bank of Russia already investing in yuan and a significant portion of trade settlements between Russia and China conducted in yuan, the shift could occur …
