Dossier
oil-producing nations
Coverage of oil-producing nations in the Nexus archive.
- 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.