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#De-dollarization

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Bank of Korea Taps 12 Banks for 2026 Won-Yuan Market, Deepening Non-Dollar Trade
EconomyEN
Bank of Korea Taps 12 Banks for 2026 Won-Yuan Market, Deepening Non-Dollar Trade

The Bank of Korea has named 12 market-making banks for the 2026 won-yuan direct trading market, a move aimed at reducing U.S. dollar dependency and cutting costs in trade with China.

Beyond SWIFT: China's Digital Yuan Aims to Rewire Global Trade
EconomyEN
Beyond SWIFT: China's Digital Yuan Aims to Rewire Global Trade

China's digital yuan pilot for cross-border trade is not just a tech trial. It's a strategic move to challenge the SWIFT system and the US dollar's dominance.