Wednesday, June 24, 2026

The Yuan Alternative

China Is Luring the World to the Yuan—and Hobbling Western Sanctions
https://www.wsj.com/world/china/yuan-sanctions-dollar-alternative-73b23c2f
Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions. 

African countries are souring on the dollar
https://www.economist.com/finance-and-economics/2026/08/06/african-countries-are-souring-on-the-dollar
The yuan and local currencies stand to benefit.