(EnergyAsia, March 27, Friday) — The Chinese government is encouraging its trading partners in Africa and Asia to settle their trades in its currency, the yuan, instead of using the US dollar or the euro. Beijing is also looking to start giving out aid, loans and grants in yuan rather than the dollar. Officials expect…
CHINA: Yuan promoted as currency of trade with some African and Asian countries
Posted on March 26, 2009 by EnergyAsia