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Bolivia becomes third South American nation to use Chinese yuan for trade settlement amid global de-dollarization wave: reports

Amid an accelerating wave of de-dollarization across the world, Bolivia has become the third South American nation to use Chinese yuan for trade settlement, and the Bolivian government is pushing for the opening of Chinese banks in the country as soon as possible, according to media reports. ....

United States , South American ,

BoT pushes yuan, ringgit use to curb baht swings

Thailand plans to promote the use of the yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the US dollar, according to the central bank. ....

Krung Thep Mahanakhon , Alisara Mahasandana ,

Asian currencies, stocks edge higher despite weak China inflation

ASIAN currencies and equities edged higher on Wednesday after investors priced in the effects of China's consumer prices falling in July, which made it the first G20 economy to enter deflation territory since Japan in 2021. ....

South Korea , Us Bancorp , Reserve Bank , New York Mellon ,