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The Asian Affairs > Latest News > RMB Yuan

Tag Archives: RMB Yuan

currency dynamics de dollarization & rise of chinese yuan
Opinion

Exploring the Global Shift in Currency Dynamics: De-dollarization and the Rise of the Chinese Yuan

By Noto
June 23, 2023
in :  Opinion

China is set to topple the US dollar’s global dominance as it allows more countries to settle payments in Chinese currency Yuan. Nearly a week ago, Pakistan utilized yuan to pay its international trade, an oil import deal with Russia. This was the first time for the Chinese currency to be used in a government transaction, highlighting a significant shift …

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