Tag
Chinese yuan
![China’s Yuan Revolution Reaches Brazil and Argentina China’s Yuan Revolution Reaches Brazil and Argentina](https://thediplomat.com/wp-content/uploads/2023/06/sizes/thumbnail/thediplomat_2023-06-26-124411.jpg)
China’s Yuan Revolution Reaches Brazil and Argentina
By Joseph Bouchard
China's currency is becoming increasingly prominent in Latin America, but there's a long way to go before it will challenge the greenback.
![De-dollarization Dreams: Why the US Dollar Won’t Bow Out De-dollarization Dreams: Why the US Dollar Won’t Bow Out](https://thediplomat.com/wp-content/uploads/2021/04/sizes/thumbnail/thediplomat-2021-04-19-6.jpg)
De-dollarization Dreams: Why the US Dollar Won’t Bow Out
By Shaoyu Yuan
While the discourse around de-dollarization gains momentum, particularly with the strategic expansion of BRICS, the U.S. dollar's preeminence remains largely unchallenged.
![BRICS: A China-Led Group Looking for Relevance BRICS: A China-Led Group Looking for Relevance](https://thediplomat.com/wp-content/uploads/2023/08/sizes/thumbnail/thediplomat_2023-08-24-150454.jpg)
BRICS: A China-Led Group Looking for Relevance
By Thiago de Aragao
Everything that is being proposed at the BRICS summit is already being done – often more effectively – at the bilateral level by China.
![Is France Backing China’s Currency Against the US Dollar? Is France Backing China’s Currency Against the US Dollar?](https://thediplomat.com/wp-content/uploads/2022/08/sizes/thumbnail/thediplomat_2022-08-12-181409.jpg)
Is France Backing China’s Currency Against the US Dollar?
By Alain Tao
President Macron's recent state visit to China resulted in rare yuan-denominated deals. Does that signal French support for renminbi internationalization?
![How Will China Counter US Financial Hegemony? How Will China Counter US Financial Hegemony?](https://thediplomat.com/wp-content/uploads/2016/11/sizes/thumbnail/thediplomat_2016-11-21_19-17-37.jpg)
How Will China Counter US Financial Hegemony?
By Robert Farley
China’s plan for a central digital currency aims to fulfill numerous goals, from consolidating domestic control to competing in the global financial field.
![Pakistan and the Belt and Road: New Horizons for a Globalized RMB Pakistan and the Belt and Road: New Horizons for a Globalized RMB](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat.com-money-742052_640.jpg)
Pakistan and the Belt and Road: New Horizons for a Globalized RMB
By Muhammad Tayyab Safdar and Joshua Zabin
CPEC will be an important testing ground for the internationalization of China’s currency.
![China's Currency Devaluation Triggers US Charge of Manipulation China's Currency Devaluation Triggers US Charge of Manipulation](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat.com-money-742052_640.jpg)
China's Currency Devaluation Triggers US Charge of Manipulation
By Bonnie Girard
The designation carries no penalties, but it will have a ripple effect on China’s economy.
![South Korea Is Key to Improving Asia’s Financial Safety Net South Korea Is Key to Improving Asia’s Financial Safety Net](https://thediplomat.com/wp-content/uploads/2019/05/sizes/thumbnail/thediplomat-money-1858621_1280.jpg)
South Korea Is Key to Improving Asia’s Financial Safety Net
By Kyle Ferrier
Seoul has played a key role in formulating and improving the regional currency swap deal designed to offset another financial crisis.
![Forecasting US-China Trade Fallout Forecasting US-China Trade Fallout](https://thediplomat.com/wp-content/uploads/2016/11/sizes/thumbnail/thediplomat_2016-11-21_19-17-37.jpg)
Forecasting US-China Trade Fallout
By Mercy A. Kuo
Insights from the DailyFX Markets Analysis Team.
![Trump’s Tweet Further Strengthens China-Pakistan Ties Trump’s Tweet Further Strengthens China-Pakistan Ties](https://thediplomat.com/wp-content/uploads/2017/10/sizes/thumbnail/thediplomat-36550024310_069ab5a0a5_o.jpg)
Trump’s Tweet Further Strengthens China-Pakistan Ties
By Charlotte Gao
While the U.S. plans to cut security assistance for Pakistan, Pakistan adopts the Chinese yuan as a currency for trade.
![Rise of the Redback: Internationalizing the Chinese Renminbi Rise of the Redback: Internationalizing the Chinese Renminbi](https://thediplomat.com/wp-content/uploads/2016/11/sizes/thumbnail/thediplomat_2016-11-21_19-17-37.jpg)
Rise of the Redback: Internationalizing the Chinese Renminbi
By David G. Landry and Heiwai Tang
Beijing’s plans to internationalize the RMB haven't come to fruition; the Belt and Road Initiative may help finally make gains.
![Currency Wars Along the Silk Road Currency Wars Along the Silk Road](https://thediplomat.com/wp-content/uploads/2016/11/sizes/thumbnail/thediplomat_2016-11-21_19-17-37.jpg)
Currency Wars Along the Silk Road
By Gregory Gleason
Which will emerge on top in Central Asia: the dollar, the yuan, or even Bitcoin?
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