The Chinese Yuan is already a global reserve currency, and Chinese companies are taking advantage. https://tankie.tube/videos/watch/49dc2bd3-722b-4d92-a5da-5e4cc99c72f3 China's central bank has currency swap agreements with dozens of countries, and trillions of dollars in goods trade are now settled in renminbi. The US Dollar remains the dominant reserve currency globally. But a severe shortage of dollars in many systems opens the door to Chinese companies, who can transact business outside the USD. BRICS expansion is another driver of the internationalization of the RMB, along with the urge of many countries to de-risk from Western banking systems. Closing scene, Ganzhou, Jiangxi Resources and links: Bilateral Currency Swap Agreements and Local Currency Trade Settlements https://www.newscentralasia.net/2026/01/26/bilateral-currency-swap-agreements-and-local-currency-trade-settlements/ Comments on the use of the Chinese yuan as an international payment currency https://www.stonex.com/en/market-intelligence/use-of-the-chinese-yuan-as-an-international-payment-currency-1508767/ China’s plan to internationalise yuan quietly takes a step forward as Zambia gets on board https://www.scmp.com/news/china/diplomacy/article/3341799/chinas-plan-internationalise-yuan-quietly-takes-step-forward-zambia-gets-board What China’s yuan internationalisation push looks like – and what may hold it back https://www.scmp.com/economy/china-economy/article/3337438/what-chinas-yuan-internationalisation-push-looks-and-what-may-hold-it-back China's central bank signs 40 currency swap agreements with foreign counterparts https://english.www.gov.cn/news/202402/16/content_WS65cef3efc6d0868f4e8e40d3.html WATCH HOW: China has taken over the elevator manufacturing industry https://www.youtube.com/watch?v=SDdj3QM9Sbc Thu, 09 Apr 2026 01:34:47 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube The Chinese Yuan is already a global reserve currency, and Chinese companies are taking advantage. https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/49dc2bd3-722b-4d92-a5da-5e4cc99c72f3 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.