China is accelerating efforts to bolster the circulation and presence of its domestic currency—the yuan—across the African continent through a series of operational and financial initiatives aimed at…
China is accelerating efforts to bolster the circulation and presence of its domestic currency—the yuan—across the African continent through a series of operational and financial initiatives aimed at expanding cross-border trade settlements and banking services. – Key Pillars of China’s Operational Initiatives in Africa 1) Expanding Clearing and Payment Networks: China has signed an agreement […] The post China’s Push to Expand Yuan Use in Africa: Strategy, Trade and Financial Influence appeared first on Modern Diplomacy.
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