Bussiness | Economy
1,700 Global Banks Abandon US Dollar, Switch to Chinese Yuan - A New Era Begins?
12:31, 16 Sep 2025
More than 1,700 banks worldwide have now adopted the use of the yuan through the Cross-Border Interbank Payment System (CIPS), which is operated by China. This development is widely viewed as a strong indication of the weakening dominance of the US dollar in global trade.
According to d