Latest / International Business with Fexingo: Global Trade, Cross-Border Deals, and Multinational Operations
How the Renminbi Is Quietly Gaining Ground in Global Trade
Episode 50 of International Business with Fexingo examines a subtle but significant shift: the Chinese renminbi is slowly displacing the US dollar in trade invoicing and settlement, especially with resource-exporting nations. Lucas and Luna break down new data showing that renminbi-denominated trade has grown to cover 6.5% of global payments, up from under 2% five years ago. They explore why Russia, Brazil, and Saudi Arabia are increasingly accepting yuan for oil, soy, and iron ore—and what that means for dollar hegemony. The conversation is grounded in real numbers, including China's…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.