Move expected to cut Kenya’s annual debt-servicing costs by US$215 million also fits into China’s broader goal of yuan internationalisation.

Global trading of the Chinese yuan has surged to $817 billion a day, extending a decade-long trend with volumes nearing those ...

Joe Biden will be the next U.S. president but for the $6.6 trillion-a-day currency trading world, the undisputed victor is China's yuan, as investors bet trade tensions with Washington will recede and ...

Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on ...

The country is facing a drastic shortage in the US dollar, a major currency used in global trade. The Argentine peso has fallen nearly 80% against the greenback since the start of 2020. Argentina is ...

China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in scenarios such as military conflict over Taiwan, a researcher says.

Yuan nears pound to challenge worlds four major currencies Yuans growing use in trade and swaps narrows gap with pound amid ...

China’s central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments, ...

China's currency has more downside ahead, according to JPMorgan strategists. Beijing has attempted to prop up the weakening yuan, but the bank sees reason to stay bearish. "The fundamental case for ...

Chinese officials told state-run banks to intervene in currency markets this week to limit yuan volatility, per Bloomberg. Banks are swapping dollars for yuan, while officials are also weighing tools ...