loading… The Chinese language yuan is probably the most traded foreign currency echange in Russia, however its availability in a rustic hit through heavy sanctions would possibly quickly dry up. Picture/Document JAKARTA – Yuan China was probably the most traded foreign currency echange in Russia alternatively its availability in international locations is being hit heavy … Read more
loading… China continues to ship a company message encouraging using the yuan out of the country to be a best precedence in dealing with US buck hegemony. PHOTO/SCMP JAKARTA – China continues to ship a company message encouraging using the yuan out of the country to be a best precedence in dealing with US buck … Read more
loading… China’s yuan deposits in Hong Kong reached USD149.5 billion or equivalent to IDR2,308 trillion in July 2024, to further strengthen Hong Kong’s role as the largest offshore yuan hub. Photo/Doc JAKARTA – Savings yuan China in Hong Kong reached 1.06 trillion yuan (USD149.5 billion) equivalent to IDR2,308 trillion (exchange rate of IDR15,441 per USD) … Read more
loading… The yuan is predicted to replace Western currencies in Russia’s main trade forever. PHOTO/Illustration JAKARTA – New sanctions imposed by the West on Russia are considered too late to bring about major changes. However, these sanctions are considered to help strengthen the role of the Chinese yuan in Russia’s main trade compared to the … Read more
loading… The Sino-Russian relationship allows China to truly test dedollarization on a large scale. Photo/Doc JAKARTA – Yuan Renminbi (RMB) is increasingly used in international transactions by trading partners China particularly Russia, after the Kremlin’s assets were largely frozen out of the global financial system following its invasion of Ukraine on February 24, 2022. The … Read more
loading… Coordinating Minister for Economic Affairs Airlangga Hartarto at a press conference, Jakarta, Thursday (18/4/2024). PHOTO/Atikah Umiyani JAKARTA – Coordinating Minister (Menko) for Economic Affairs Airlangga Hartarto emphasized that the weakening of the exchange rate was not only experienced by Indonesia but also experienced by almost the entire world. This is because the United States … Read more
