China & Pakistan Move Away From USD: 25% of Trade Already in Yuan Sputnik International The dedollarization trend is gaining real momentum. The two countries are actively shifting bilateral settlements to national currencies. Here are the key facts as of May 2026. 2026-05-24T18:24+0000 2026-05-24T18:24+0000 2026-05-24T18:24+0000 world china pakistan trade https://cdn1.img.sputnikglobe.com/img/07e7/06/15/1111372242_0:168:3043:1880_1920x0_80_0_0_c6acd023228c2f8a701b6eba4064b72b.jpg.webp Key numbers:Pakistan’s yuan-denominated imports from China jumped from 5.6% (in 2016) to 19.1% (in 2025) and have now reached nearly 25% in 2026.Bilateral currency swap agreement stands at 30 billion CNY.How it works:RMB clearing system operational – banks (ICBC, Bank of China) handle letters of credit and trade finance without…
News Timeline:
Track the development of this news story across the Internet.