Feature
Published on: 12. April 2023
Yuan on the way to becoming the second world currency

An important step in a growing trend: In Brazil, more trade deals are being settled in yuan than in euro. Now, the country also wants to adopt the Chinese international payment system. This is by no means a solo effort by President Lula. The yuan is also gaining influence in other parts of the world.
FS
Frank Sieren
Last updated: 24. July 2025