The yuan's share of Russia's imports rose from 4 percent to 23 percent last year, according to Reuters.With the outbreak of the war in Ukraine, Russia has further fueled the de-dollarization trend by concluding more contracts with its trading partners using the yuan, with China's currency now accounting for a large share of the Kremlin's imports and exports, according to Business Insider.
The State Bank of Vietnam adopted easing monetary policy with interest rate cuts in early 2023 to stay ahead of challenges, but further interest cuts may disrupt the country’s foreign exchange dynamics, the International Monetary Fund (IMF) said.
Pakistan Foreign Ministry dismissed a report claiming that the country sold its weapons to Ukraine to secure an emergency bailout package from the Internation