Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How the Chinese Yuan Is Quietly Challenging the Dollar in Emerging Markets
In this episode of The Emerging Markets Podcast, Lucas and Luna explore the quiet but strategic rise of the Chinese yuan as a settlement currency in emerging markets. With the yuan weakening slightly to 6.77 per dollar this week, they look beyond the headline to examine how China is using bilateral swap lines and trade agreements to bypass the dollar system. Lucas breaks down the numbers: over 20 percent of China's cross-border trade is now settled in yuan, up from just 2 percent a decade ago. They discuss what this means for countries like Russia, Brazil, and Saudi Arabia, and whether…
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