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Articles on Yuan

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China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency. peng song/Moment Collection/Getty Images

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency – and be a serious contender against the US dollar

Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
EU consumers are familiar making payments with traditional coins and bills, but soon they could be joined by an ‘e-euro". Christian Dubovan/Unsplash

Meet the EU’s answer to crypto: the e-euro

Central banks are now taking digital currencies seriously, and the EU is exploring the idea. While an “e-euro” could increase monetary security and stability, the venture is not without risks.
A man looks at foreign currency exchange rates on an electronic panel in Jakarta, Indonesia. FOTO ANTARA/Rosa Panggabean/ed/mes/11

Indonesia and China inked a deal to promote the use of the Yuan and Rupiah. The political and economic implications are huge

The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.
Allowing China’s currency to go up and down with the market is one way to longer-term stabilisation. Reuters/Kim Kyung-Hoon

Three ways China can tackle its currency dilemma

Beijing wants the Renminbi to become an international currency - but is it prepared to do what it takes?
EPA/How Hwee Young

The irresponsible stakeholder?

Whatever China’s policymakers do these days matters a lot, and not just to the denizens of the People’s Republic. On the contrary, for better or worse what happens in China has a powerful and often immediate…

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