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Xi Jinping

argentina-to-settle-chinese-imports-in-yuan-to-safeguard-dwindling-dollar-reserves

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves Read More »

french-president-emmanuel-macron-states-europe-must-reduce-its-dependence-on-the-us-dollar-to-avoid-becoming-‘vassals’

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’

Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in a conflict between the U.S. and China, and reduce its reliance on the U.S.

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’ Read More »

china-ready-to-talk-asian-monetary-fund-to-cut-dollar-dependence,-malaysia-says

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says Read More »

india-to-facilitate-international-settlements-in-rupees-to-reduce-dependence-on-the-us-dollar

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar Read More »

putin,-xi-vow-to-use-yuan-as-russia-and-china-move-to-settlements-in-national-currencies

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies Read More »