Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money

Tech Insider : Economy
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
Headquarters of the PBOC, the central bank, is pictured in Beijing

Reuters

China's yuan is displacing other top global currencies in trade, but not the US dollar

Tech Insider : Economy
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

Thomson Reuters

Dedollarization suffers a blow as the greenback's share in global payments hits a record high

Tech Insider
An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham
An employee of a bank counts US dollar notes at a branch in Hanoi

Thomson Reuters

China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance

Tech Insider
Xi Putin
Russian President Vladimir Putin meets with China's President Xi Jinping at the Kremlin in Moscow on March 21, 2023.

MIKHAIL TERESHCHENKO/SPUTNIK/AFP via Getty Images

Argentina is already dollarizing - these businesses have switched to greenbacks as the peso is worth a fraction of a penny

Tech Insider : Economy
Argentina peso/dollar

Nora Mazzini

Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

Tech Insider
Brazilian Real

Rafael Henrique/SOPA Images/LightRocket via Getty Images

China-based BRICS bank aims to de-dollarize debt by expanding local currency lending

Tech Insider
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24.
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug.

China's yuan faces a cocktail of bearish headwinds even as Beijing scrambles to prop up the currency

Tech Insider
JPMorgan strategists see reason to stay bearish on China's yuan.
JPMorgan strategists see reason to stay bearish on China's yuan.

China Photos / Stringer, Getty Images

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Tech Insider
Argentine peso bills
Argentine pesos bills

(Photo by LEO LA VALLE/AFP via Getty Images)

Over 40 countries sick and tired of the Western-led world order are clamoring to join a group where China and Russia are members

Tech Insider : Economy, Politics
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24.
South Africa is hosting the BRICS summit this week.

Zhang Yudong/Xinhua/Getty Images

Subscribe to Currency