Yuan Use News Today

Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.

The yuan’s internaional use is still dwarfed by the US dollar, but China is seeking to explore currency settlements with neighbouring countries, including the Association of Southeast Asian Nations (Asean).