The International Monetary Fund (IMF) just issued a warning to countries converting their dollar loans from China into yuan.
The International Monetary Fund has warned of currency risks arising for nations such as Kenya and Ethiopia that are swapping ...
China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars— up from 20% in 2022. Alarmed by the ...
China pushes yuan globalisation with cheaper borrowing, wider offshore access, and expanded panda bond markets.
The People's Bank of China (PBOC) aims to make the yuan a global funding currency, encouraging companies and financial institutions overseas to borrow and use the yuan.
China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters. The moves aim at challenging the greenback, experts said, even as the U.S.
(Reuters) -Bearish bets on China's yuan hit their highest since mid-May, with analysts turning short for the first time amid mounting concerns over the economy, a Reuters poll showed on Thursday.
From May 30 to Sunday, red packet lottery participants used the digital yuan, also known as the e-CNY, at over 52,000 ...
BEIJING (Reuters) -China's yuan-denominated exports to Russia dropped in October at the steepest rate in eight months, ...