As de-dollarisation trends persist, can the yuan take the euro’s place?

In early April, hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” in a prime-time a

ddress, China’s yuan-denominated cross-border payment system set a record for transaction volume in a single day. The Cross-Border Interbank Payment System (CIPS) skyrocketed to 1.22 trillion yuan (US...

via South China Morning Post