Mastodawn

China's central bank set the yuan weaker by 0.05% to 6.8616 per dollar on April 16, marking a slight depreciation from the previous session's interbank closing rate of 6.8185 yuan, as the PBOC continues its managed currency policy.
#YonhapInfomax #Yuan #PBOC #ExchangeRate #DollarYuan #CurrencyDepreciation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=115876

Yonhap Infomax News 3d ago

People's Bank of China sets yuan reference rate at 6.8593 per dollar on April 14, marking a 0.09% appreciation from previous session as interbank trading closed at 6.8338 yuan, reflecting continued strength in China's currency against the greenback amid ongoing market dynamics.
#YonhapInfomax #Yuan #PBOC #ExchangeRate #DollarYuan #CurrencyAppreciation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=115383

Yuan Appreciates 0.09% - Fixed at 6.8593 Yuan

Yonhap Infomax

The Japan Times 3d ago

The war in Iran is spurring a fresh wave of enthusiasm over prospects for China's currency to more effectively rival the U.S. dollar. https://www.japantimes.co.jp/business/2026/04/14/xi-petroyuan-trump-iran/?utm_medium=Social&utm_source=mastodon #business #china #yuan #middleeast #iran #oil #straitofhormuz #dollar

Xi’s petroyuan dream gets new life from Trump’s war in Iran

The conflict is spurring a fresh wave of enthusiasm over prospects for China's currency to more effectively rival the U.S. dollar.

The Japan Times

Yonhap Infomax News 4d ago

PBOC sets yuan reference rate at 6.8657 per dollar, virtually unchanged from previous session, as interbank trading closed at 6.8333 yuan
#YonhapInfomax #Yuan #PBOC #ReferenceRate #DollarYuan #ExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=115165

Brasil de Fato Apr 8

‘O dÃ³lar nÃ£o Ã© sÃ³ uma moeda, Ã© um instrumento de coerÃ§Ã£o polÃtica’, diz cientista polÃtica sobre ataque de Trump ao Pix

https://fed.brid.gy/r/https://www.brasildefato.com.br/2026/04/08/o-dolar-nao-e-so-uma-moeda-e-um-instrumento-de-coercao-politica-diz-cientista-politica-sobre-ataque-de-trump-ao-pix/

BB Apr 8

"In Strait of #hormuz #Iran and #China take aim at #US dollar hegemony"

"The supremacy of the #dollar is especially apparent in the global oil market, where about 80 percent of transactions are settled in the currency, according to a 2023 estimate by JP Morgan Chase.

In Iran’s control of the Strait of Hormuz, a conduit from the Gulf for about one-fifth of global oil and liquefied natural gas supplies, Tehran and Beijing have found a tool to boost the Chinese yuan as an alternative to the greenback

Under Iranian officials’ de facto toll booth regime, commercial vessels are being charged transit fees in #yuan, according to multiple reports, the latest example of deepening Chinese-Iranian economic cooperation facilitated by China’s currency"

https://www.aljazeera.com/economy/2026/4/8/in-strait-of-hormuz-iran-and-china-take-aim-at-us-dollar-hegemony

#petroyuan

In Strait of Hormuz, Iran and China take aim at US dollar hegemony

Tehran and Beijing both stand to gain from boosting status of the Chinese yuan.

Al Jazeera

MissConstrue Apr 8

Y'all, I officially have no idea what in tarnation is actually happening in #Iran. (Not nukes! #TACO instead. Yay.)

The US media is touting this like #USA won, but #Arab and #Farsi reports are telling a story a little more plausible. Those reports say that the Strait will be opened *under IRGC control, for two weeks, using tolls (that's new), with payment in #Chinese #Yuan.

This is the beginning of the end of the petrodollar. And Iran has two weeks to rebuild their missile systems and 14 Billion in Yuan we just gave them to buy oil.

Meanwhile, #Israel says ceasefire doesn't apply to them, and they targeted and destroyed one of the oldest synagogues in the world in Tehran, burying torah scrolls older than those in Jerusalem.

Wrong kind of Jews. Tan / Brown ones. Like the bombing of the Catholic churches in Palestine and Lebanon. Wrong kind of Christians. Not the Crusaders, you see. Don't worship the Golden Calf, preferring the peasant Palestinian.

How is this a "winning"?

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