It is de facto the only foreign currency available to the Russian Federation for international trade without restrictions.

Russia’s banking system is facing a sharp shortage of Chinese yuan, the de facto main foreign currency still available for international trade, driving borrowing costs sharply higher and adding ...

A revived speech and a shifting global backdrop. Beijing is signalling new urgency in its push to elevate the yuan - but the trade-offs remain unresolved, analysts say.

Add Yahoo as a preferred source to see more of our stories on Google. The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be ...

Union Bancaire Privée has made the Chinese yuan one of its strongest bets, expecting the currency to keep rising against the dollar over the next decade due to improving fundamentals and policy ...

Yuan financing has never been as popular as it is now, with more countries and foreign companies tapping the market, in a ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

Add Yahoo as a preferred source to see more of our stories on Google. China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in ...

While the dollar’s international supremacy is unchallenged for now, the wider landscape is shifting. Companies are raising more funding in renminbi and the currency’s use in international payments and ...

SINGAPORE, March 11 (Reuters) - Businesses see scope to borrow more yuan, according to a report published by Standard Chartered, which could support China's push to globalise its currency. The London- ...

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