Tag: Chinese Yuan

Will the Yuan Replace the Dollar?

July 24, 2023
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Commentary With the International Monetary Fund (IMF) now allowing countries to pay dollar-denominated debt in the Chinese yuan, what does that mean for the U.S. dollar? It’s no secret that both the Chinese and the Russians and many other countries want to downgrade the dollar’s influence and even de-dollarize global trade. That’s certainly happening, and…

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IN-DEPTH: Argentina Starts Allowing Bank Accounts in Chinese Yuan, But Locals Prefer Dollars

July 16, 2023
AmericasArgentinaChina Business & EconomyChina NewsChinese YuanInternational RelationsUS DollarWorld
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The ongoing shortage of U.S. dollars in Argentina has reached a new milestone, and officials are taking drastic steps to refill depleted foreign currency coffers. On June 29, Argentina’s Central Bank announced it would allow residents and businesses to hold accounts in China’s RMB yuan. The historic decision marks a departure from using solely the…

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IMF Hints Allowing Countries to Use Chinese Yuan for Debt Repayment

July 15, 2023
AmericasArgentinaBusiness & MarketsChinaChina Business & EconomyChina NewsChinese YuaneconomyIMFInternational Monetary FundUSUS NewsWorld
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The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday that Argentina had paid off part of its debts—equivalent to $1.1 billion of the $2.7…

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ANALYSIS: China’s Economy Stuck in Deeper Crisis Due to More State Interventions

July 1, 2023
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News Analysis The devaluation of China’s currency, the yuan, has plummeted to its lowest point this year due to failed government interventions amid the economic depression. More money issued by the Communist Party’s financial institutions will be used as a government hedge against the collapse of the banking and financial system, shifting the country’s debt…

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PREMIERING 4 PM ET: Despite Its Flaws, The Dollar Remains King of the World | The Larry Elder Show | Ep. 151

April 11, 2023
assault weaponsBanana Republiccalifornia homelessChinese YuanEpochTVLive VideosMansion TaxPope John Paul IIRussia and ChinaThe Larry Elder ShowTrump indictmentVideoWorld currency
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China’s yuan replaces the dollar as the most-traded currency in Russia as the Kremlin urges conversion from “toxic” to “friendly” currencies—how concerned should we be? Joining Larry Elder to discuss the issue is editor-in-chief at Forbes Media, Steve Forbes. He evaluates the state of the dollar and explains why it remains the King of the…

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PREMIERING NOW: Despite Its Flaws, The Dollar Remains King of the World | The Larry Elder Show | Ep. 151

April 11, 2023
assault weaponsBanana Republiccalifornia homelessChinese YuanEpochTVLive VideosMansion TaxPope John Paul IIRussia and ChinaThe Larry Elder ShowTrump indictmentVideoWorld currency
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China’s yuan replaces the dollar as the most-traded currency in Russia as the Kremlin urges conversion from “toxic” to “friendly” currencies—how concerned should we be? Joining Larry Elder to discuss the issue is editor-in-chief at Forbes Media, Steve Forbes. He evaluates the state of the dollar and explains why it remains the King of the…

Read More

LIVE 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

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LIVE NOW: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Read More

Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Read More

LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 10, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Read More