Nikkei Asia
International ยท 2 hrs ago
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Yuan payments soar as currency of last resort for Iran, Russia
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Accuracy 75/100
Partisan intensity 35/100
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Centre / Neutral โ Fair headline
Iran and Russia are increasingly using Chinese yuan for international payments as an alternative to US-dominated financial systems amid sanctions and geopolitical tensions. The shift reflects growing economic cooperation between the three countries and a broader effort to reduce reliance on dollar-based transactions.
Yuan payments soar as currency of last resort for Iran, Russia
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