Milestone: Yuan Overtakes Dollar as China’s Most Used Cross-Border Currency for the first time in March 2023

[leviathan]

One more country joined the party.​

Argentina to pay for Chinese imports in yuan rather than dollars​

Argentina to pay for Chinese imports in yuan rather than dollars

Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves.

www.reuters.com

 

[大汉奸柳传志]

rising inflows of bonds and outflow of stocks is not speculation it can be seen in trading data.

if he had the data he would have said it in a more certain way. actually it's more commonly believed that China's capital controls have been tightened over the past few years due to rising geopolitical tensions, he could have gotten the premise wrong, which lead me to believe everything else he said was purely speculative too including the part you mentioned.

 

[艹艹艹]

Banks eye yuan-baht trade payments
27 APR 2023 AT 08:03

The Bank of Thailand is in discussions with China's central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility. According to central...

According to central bank governor Sethaput Suthiwartnarueput, the Bank of Thailand and the People's Bank of China have held talks over additional cooperation to encourage businesses to use yuan-baht settlement...

The Bank of Thailand plans to meet its Chinese counterpart next month to talk about the issue.