China

Global central banks use record amount of yuan from PBOC swaps

Central banks use record amount of yuan via PBOC

China's central bank announced steps this month to beef up cross-border financial services in Shanghai and encouraged companies to prioritise yuan usage in payment

Global central banks tapped a

Central Banks Use Record Amount of Yuan Via PBOC Swaps

Global Central Banks Continue to Tap Yuan Via

Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing

China has actively been entering

China has actively been entering into non-dollar agreements to raise the yuan's global standing. The use of Chinese yuan in foreign-exchange swaps underwent the

China ramps up global yuan push, seizing on retreating dollar

China pushes Yuan use in trade as US tariff shake global markets

Hace

China Fuels De-Dollarization As Central Banks Use Record Amount

China’s Yuan Sees Record Use in Global Central Banks Swap Lines

Hace 5 días But the yuan directive suggests that China isn’t waiting idly. As reported by Bloomberg, the sharp increase in yuan transaction requirements reflects Beijing’s

A record amount of China

A record amount of China’s Yuan was drawn from foreign exchange swap lines by central banks worldwide in Q1 2025. The development is another sign of the Yuan’s