Plus, Beijing accelerates its buildup in space and a drone maker cleans 28 tons of waste from Mount Everest.
5 min read4 Aug 2026Overall, the yuan’s share of global trade finance tripled over the past five years to 6% in April, according to data from Swift. It has been the second most-used currency in such financing for most of this year, ahead of the euro and behind the dollar. #dollar #china #yuan #renminbi #xijinping #iran #hormuz #russia #curren
26 Jun 2026Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions.
13 min read24 Jun 2026China’s bid to unseat the dollar is unfolding in the shadows of war, sanctions and oil deals. Although the greenback is still king, the more the US throws its weight around, the less secure its currency’s future might be. This war’s consequences may be larger than many suspect.
4 min read10 Apr 2026Shares of Chinese payment firms surged following news of yuan being accepted for tolls in the Strait of Hormuz. This signals China's efforts to internationalize the yuan and potentially attract more global investments amid ongoing conflicts in Iran.
1 min read3 Apr 2026Iran is not merely proposing that some bilateral trade occur in yuan. It is proposing that access to the world’s most critical energy chokepoint be conditional on currency denomination. The practical consequence, if even partially adopted, would be a bifurcated global oil market. #iran #yuan #china #dollar #trump #hormuz #oilcrisis #iranwar #oilcrisis #ship #geopolitics #khamenei #middleeast #gulfthisweek #gulf
20 Mar 2026The greenback’s dominance looks intact but China has made a bold move by opting to pay interest on holdings of its digital currency. Together with cross-border linkages that bypass the US-dominated Swift system, it could yet stir a mutiny against the dollar.
3 min read11 Feb 2026As Trump talks down the dollar and China hopes to replace it with the yuan as the world’s top reserve currency, scepticism over the greenback’s future has grown. No doubt US deficits and debt have ballooned, but the dollar isn’t too wobbly and America will probably re-adopt its strong-dollar stance.
4 min read9 Feb 2026China’s central bank set the strongest guidance rate for the yuan in almost three years, suggesting it will allow its currency to gradually appreciate even while trying to avoid hurting exporters.
2 min read23 Jan 2026Economists see a politicized central bank damaging investor confidence in the U.S. system while Beijing advances in globalizing its currency.
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