Yuan
China pumps trillions of RMB to avoid Tet shortage
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The People's Bank of China is sharply increasing the supply of money to the banking system to meet the soaring demand for withdrawals during the Lunar New Year.
China's yuan ambition becomes a counterweight to the USD
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China wants to turn the yuan into a global reserve currency, the position that the USD holds.
IMF warns of the risk of USD-denominated debt swap
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The IMF warned that the exchange of debt from the US dollar to the yuan could put countries at risk of a new currency.
China accelerates USD sales, catching up with strong yuan trends
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Chinese banks have just recorded their strongest USD sale since 2020, as businesses race to convert assets to yuan.
BRICS countries turn USD debt to yuan
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Ethiopia is negotiating with China to convert the debt of more than 5 billion USD to the yuan - a move reflecting a new trend in the BRICS bloc.
The yuan strengthens but still struggles
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The yuan appreciated thanks to the PBOC tightening the exchange rate, but the risk was still high due to US-China trade tensions and economic pressure.
The yuan depreciates to record as the US is about to impose new tariffs
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The yuan fell to a two-week low as the US was about to impose new tariffs, raising concerns about trade tensions between the two major economies.
Global USD reserve market hits 29-year low
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The share of the US dollar in global foreign exchange reserves fell to its lowest level since 1995, according to the latest data from the International Monetary Fund (IMF).
The world's largest oil exporter plans to replace the USD
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Saudi Arabia, the world's largest oil exporter, is open to using yuan in crude oil transactions instead of the USD.
The prospect of major countries abandoning the USD in oil imports
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Many of the world's leading oil importers are abandoning the US dollar and using other currencies to buy and sell oil.
Russia takes another step away from the USD
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The yuan replaces the US dollar as Russia's main foreign currency, according to the Russian Central Bank.
President Putin praises timely decision between Russia and China
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President Putin said that the decision of Russia and China to switch from the USD to the ruble and the yuan was timely, helping to strongly boost trade.
India builds roadmap to localize rupees to replace USD
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The central bank of India outlines steps to use rupees in international transactions to replace the USD.
Mr. Putin points to the beginning of the end of the USD
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The starting point of the end of the US dollar is when countries switch to local currency trading, according to Russian President Putin.
