In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...

BEIJING -- The People's Bank of China, the country's central bank, has renewed a bilateral currency swap agreement with the ...

The Bank of Korea announced on the 3rd that it has renewed a won-yuan currency swap agreement with the People’s Bank of China ...

The Taiwanese dollar’s rally is boxing in the island’s central bank, leaving it with limited room to intervene in order to ...

China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas ...

China and South Korea signed a bilateral currency swap and other economic cooperation agreements on Saturday, as their ...

BHP Billiton’s agreement to settle 30% of its iron ore spot trades in Chinese Yuan marks a major shift away from dollar ...

President Lee Jae Myung (2nd from R) and Chinese President Xi Jinping (2nd from L) attend a signing ceremony for a currency ...

The East African nation and fellow Brics member is the latest country to seek a switch, accelerating the yuan’s ...