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Alternative Payment Systems Pose Long-Term Threat to US Dollar Supremacy, Experts Warn

A potential long-term threat to the U.S. dollar as the global reserve currency is the increase and expansion of alternative cross-border payment systems.

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Here Comes The Chuble: Chinese Banks Suddenly Using Yuan Everywhere They Can Offshore

Here Comes The Chuble: Chinese Banks Suddenly Using Yuan Everywhere They Can Offshore
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Chinese banks seize on Russia, oil trade to internationalise yuan - Stock market news

SHANGHAI/SINGAPORE (Reuters) - Chinese banks are ramping up efforts to promote international use of the yuan, and reporting a surge in cross-border yuan business from the country's booming trade with Russia and deepening ties with the Middle East. Harbin Bank Co, in China's Heilongjiang province neighboring Russia, saw its cross-border yuan business grow nine-fold last year to a record, as the Sino-Russia trade grew briskly after the Ukraine war began. | 12:09am

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Chinese banks seize on Russia, oil trade to internationalise yuan

Chinese banks are ramping up efforts to promote international use of the yuan, and reporting a surge in cross-border yuan business from the country's booming trade with Russia and deepening ties with the Middle East.

Inner mongoliaNei mongolUnited arab emiratesRepublic of tajikistanTom westbrookWang jiehuaVidya ranganathanQiao liqunSamuel shenFrances totalenergiesChina construction bankHarbin bank coThomson reuters trust principlesIndustrial bank coCommunications bocomAgricultural bank