China's yuan is emerging as a strong challenger to the dollar's dominance. Here are 5 countries that recently turned to the yuan instead of the USD for trade.
The Chinese yuan's share in international transactions is increasing.China Photos/Getty Images
Countries are lining up backup currencies — such as the Chinese yuan — for trade and transactions.
Sanctions against Russia sound a cautionary tale over the power Washington and the USD wields.
Russia, Iran, Brazil, Argentina, and Bangladesh are making headway in using the yuan for trade.
China's yuan is gaining increasing usage globally, pointing to the de-dollarization of transactions worldwide — gradually
China's yuan slid on Monday.Future Publishing/Getty Images
