Chinese yuan

95% of the country’s transactions with India and China were conducted in local currencies last year ©  Getty Images/izzetugutmen National…

The yuan and ruble are now used in 90% of transactions between the two countries, Yury Ushakov says © Getty Images…

Russia is not the only major economy to use the Chinese currency for trade settlements as more and more nations…

For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative…

For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative…

Most payments for imports of such products in 2023 were made using yuan and rupees, according to the outlet © AFP…

Most payments for imports of such goods in 2023 were made using yuan and rupees, according to the outlet © AFP…

Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM © Getty Images / alptraum Western…

Restrictions have effectively led to Russia increasing its sovereignty, the president has said © Getty Images / mzabarovsky Western countries are…

Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims © Getty Images / Bloomberg Creative The share…