News Snapshot:
[Taiwan says internationalisation of Chinese yuan helped by Ukraine war] The war in Ukraine and global economic sanctions levied against Russia could help raise the profile of the Chinese yuan against the US dollar, a senior Taiwanese security official said on Monday (March 28). Moscow has said it will need assistance from Beijing as it grapples with crippling sanctions levied against it in response to the invasion and that it will use Chinese yuan from its foreign exchange reserves as sanctions block its access to its dollar and euro reserves, Reuters reported. China has long sought to lessen the dollar’s...
