Chinese yuan

China has been steadily working to elevate the international profile of the RMB. Though progress has been gradual, it carries real risks to the U.S. dollar’s dominance.

China's currency is becoming increasingly prominent in Latin America, but there's a long way to go before it will challenge the greenback.

While the discourse around de-dollarization gains momentum, particularly with the strategic expansion of BRICS, the U.S. dollar's preeminence remains largely unchallenged.

Everything that is being proposed at the BRICS summit is already being done – often more effectively – at the bilateral level by China.

President Macron's recent state visit to China resulted in rare yuan-denominated deals. Does that signal French support for renminbi internationalization? 

China’s plan for a central digital currency aims to fulfill numerous goals, from consolidating domestic control to competing in the global financial field.

CPEC will be an important testing ground for the internationalization of China’s currency.

The designation carries no penalties, but it will have a ripple effect on China’s economy.

Seoul has played a key role in formulating and improving the regional currency swap deal designed to offset another financial crisis.

Insights from the DailyFX Markets Analysis Team.

While the U.S. plans to cut security assistance for Pakistan, Pakistan adopts the Chinese yuan as a currency for trade. 

Beijing’s plans to internationalize the RMB haven't come to fruition; the Belt and Road Initiative may help finally make gains.