INSUBCONTINENT EXCLUSIVE:
China appears to be positioning Africa as a testing ground for internationalisation of the yuan as it seeks to expand the currency’s
global use and break the dominance of the US dollar.
During a recent meeting in Cairo, the central banks of China and Egypt signed a series
of agreements to promote the use of the yuan in trade and investment
These deals – lauded by People’s Bank of China governor Pan Gongsheng as a key step in advancing economic ties – were signed last week
during Chinese Premier...
