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.
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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.
BRICS embraces digital finance by adopting the CIPS system, stepping away from the US dollar in global trade.