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Published on: 12. April 2023

Yuan on the way to becoming the second world currency

Chinese money (RMB) notes and coins. Business concept., 28.02.2015 16:21:53, Copyright: xcanonlifex Panthermedia13635238
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.

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Last updated: 24. July 2025
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