Chinese yuan

Latest news and articles about Chinese yuan from NEX English

War on Iran Risks Undermining Dollar's Oil Dominance

Recent reports warn that the U.S.-Israeli war on Iran may trigger the end of the petrodollar system, a cornerstone of American financial power. The ongoing conflict could test the foundations of this vital financial system.

Iran conflict revives yuan's role, challenges dollar's dominance

As tensions rise in Iran, challenges to the dollar's dominance in global oil trade are increasing. A report from Deutsche Bank suggests a notable growth in the use of the Chinese yuan under current conditions.