Chinese yuan

Medvedev: Russian economy can do without dollar

Medvedev: Russian economy can do without dollar

Deputy Chairman of the Russian Security Council Dmitry Medvedev believes the country can do without dollar payments if necessary, replacing them with payments in euro or yuan. "Yes, the absence of dollar payments may be replaced …

China tries to internationalise its currency

China tries to internationalise its currency

The emergence of China as an economic and financial powerhouse has been much quicker than often anticipated. Whether in terms of technological advances, industrial development, global trade or involvement in the capital markets, China's …

China and Russia are reducing their exposure to the U.S. dollar

China and Russia are reducing their exposure to the U.S. dollar

Nowadays the mainstream media is mainly focusing on the daily events relating to the trade war between the U.S. and China to understand what kind of consequences and impact it will have on the economy and on global politics. What has not received …

Beijing sets yuan at its weakest level since 2008

Beijing sets yuan at its weakest level since 2008

China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …

Why dollar lost its spot in Russia's foreign-exchange reserves?

Why dollar lost its spot in Russia's foreign-exchange reserves?

Russian Central Bank published information on geographical and monetary structure of its foreign-exchange reserves with a six-month lag. It turned out that at the end of June of last year, American dollar lost its first place in Russian …

 Will Russia issue government bonds in yuan?

Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …