The yuan is accounting for a growing share of international payments. This mirrors a steady progress in the yuan's internationalization, which helps diversify payment options, and gives the market more scope to adjust against the risk of dollar fluctuations, at a time when investors continue to firm up...More

The Chinese yuan has maintained a high ranking on a currency internationalization gauge last year, with an annual average of 6.27 points, up 22.9 percent year-over-year, news report shows. The 2024 Annual Report of Renminbi Internationalization, developed by Chinese Renmin University's International Monetary Institute, was released on Saturday....More

Despite the progress made in the internationalization of the Chinese yuan, it is crucial for China to maintain a clear perspective on the financial fluctuations and risks behind the de-dollarization hype. The Chinese yuan's share on Russia's foreign exchange market reached 99.6 percent in June, Bloomberg reported on...More