Latest / International Business with Fexingo: Global Trade, Cross-Border Deals, and Multinational Operations
How the Yuan Trade Finance Boom Is Reshaping Global Banking
Episode 109 of International Business with Fexingo looks at how the Chinese yuan is quietly taking over trade finance. With the yuan at 6.79 per dollar and China's exports surging, Lucas and Luna examine the shift from dollar-denominated letters of credit to yuan-based settlement. They break down the rise of cross-border yuan payments, the role of Chinese banks in emerging markets, and what this means for multinational treasurers. Specific data: the yuan's share of global trade finance has hit a record 8.5%, up from 3% five years ago. A compelling listen for anyone tracking currency…
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