Geopolitics

Why the Chinese yuan could soon be Africa’s most important currency - South China Morning Post

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DW NOTE

China now holds over $170 billion in claims on African sovereigns through Belt and Road lending — more than twice the exposure of the IMF and World Bank combined. When your creditor holds that much paper, his currency isn't a choice, it's a condition of rollover.

Read the full story at South China Morning Post →

The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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Why the Chinese yuan could soon be Africa’s most important currency - South China Morning Post

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