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Cross-Border Interbank Payment System (CIPS)

Coverage of Cross-Border Interbank Payment System (CIPS) in the Nexus archive.

Earliest in view: Jun 10 · 22:00 UTCMost recent: Jun 10 · 22:00 UTC
Co-mentioned in this coverage
Donald Trumpperson1yuantopic1Iranplace1oil-producing nationstopic1
Recent coverage
  • BUSINESSJun 10 · 22:00 UTCSCMP CHINA
    As de-dollarisation trends persist, can the yuan take the euro’s place?

    China's yuan-denominated cross-border payment system, CIPS, set a record transaction volume of 1.22 trillion yuan ($180.3 billion) on April 2 after US President Donald Trump threatened Iran. The surge followed increased adoption of yuan settlements by oil-producing nations.