BRICS member Brazil has exported over 180,000 tonnes of peanuts to China, Russia, Algeria, and the Netherlands in 2025, and 43% of the exports were paid in the Chinese yuan.…
BRICS members Russia, China, and India are looking at the Chinese yuan for oil settlements and not the US dollar. Reuters reported that Russian refiners are seeking payments in the…
The writing is on the wall, the world is less inclined to use the US dollar hereafter. While the US dollar’s exorbitant privilege persists, the symbolism from the BRICS alliance…
BRICS member China’s new payment system, Chartered Institute of Procurement & Supply (CIPS), has processed over 175 trillion Chinese yuan payments (equivalent to $24 trillion), according to the latest report…
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Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious.According to Bloomberg,…
The Chinese yuan, which touts itself as a challenger to the US dollar, is nowhere close to becoming the world’s reserve currency. The global foreign exchange reserves in the yuan…
Executive Interview with Andres Jimenez from Swiset | iFX EXPO International 2025
Executive Interview with Andres Jimenez from Swiset | iFX EXPO…
Crude oil trade between Russia and China has reached record levels, reaching their highest point, defying US tariffs and sanctions. According to the latest data from the Chinese General Administration…
China is offering BRICS members and other developing countries to avail loans in the Chinese yuan (RMB) with interest subsidies. The Communist country is looking to internationalize the local currency…