Tuesday, April 29

Browsing: Yuan

Use of euro in global payments shrinking

2 Mins ReadMay 21, 2023

SWIFT cross-border transactions in the single currency have nosedived to three-year lows The use of the euro for international settlements…

China receives first yuan-settled LNG cargo

2 Mins ReadMay 18, 2023

A state owned energy company imported 65,000 tons of supercooled natural gas from the UAE China has unloaded its first…

Russian rainy day fund growing – Finance Ministry

2 Mins ReadMay 9, 2023

The emergency reserve will soon hold only gold, Chinese yuan, and the ruble, as Moscow reduces its exposure to currencies…

Pakistan switching to yuan to buy Russian oil

2 Mins ReadMay 8, 2023

Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, local media reported on Saturday,…

Pakistan switching to yuan to buy Russian oil

2 Mins ReadMay 7, 2023

Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, local media reported on Saturday,…

Russia to resume yuan purchases

2 Mins ReadMay 3, 2023

Moscow will reportedly begin buying foreign currency as early as this month to bolster reserves Russia could restart purchases of…

China shifting away from dollar in cross-border transactions

2 Mins ReadApril 27, 2023

The yuan has become the most widely used currency in Beijing’s international settlements, figures have shown The yuan surpassed the…

Argentina drops dollar in trade with China

2 Mins ReadApril 27, 2023

Buenos Aires will pay for imports in yuan, after signing a currency swap deal with Beijing Argentina will aim to…

Russia to boost gas supply to China

2 Mins ReadApril 25, 2023

Supplies via the Power of Siberia pipeline will grow by 50% this year, Deputy PM Novak has announced Russia will…

Chinese City to Pay Salaries ‘100%’ in Digital Yuan – Is CBDC Adoption Accelerating?

2 Mins ReadApril 24, 2023

A Chinese city wants to pull off a world first – by becoming the first city to pay its employees entirely in…

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