Yuan Soars to Strongest vs USD Since Sept 2024
The Chinese yuan hit its strongest level vs the US dollar since Sept 2024, with onshore at 7.01 and offshore at 7.00, marking up to 4.6% gains in 2025.
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Why More African Economies Are Embracing the Chinese Yuan
Ethiopia and Kenya lead a shift from dollar to yuan debt swaps, cutting interest costs and simplifying trade with direct currency convertibility via systems like CIPS.