De Dollarization
2 articles tagged with “De Dollarization”. Verified news, source-cited reporting, and in-depth coverage from OzoneNews.
2 articles
ONN
Finance
CIPS vs SWIFT | China's Cross-Border Payments Network Is Replacing Dollar Rails in War Zones as Petroyuan Goes Live at Hormuz
At least two confirmed yuan payments for Strait of Hormuz transit tolls had cleared through CIPS-linked banks by late March 2026, providing the first live proof-of-concept for China's campaign to normalize RMB settlement at geopolitically sensitive trade chokepoints
Jack Brennan · Apr 26, 2026
ONN
Finance
BHP Breaks Ranks with Big Four Miners | Agrees to Yuan-Linked COREX Index in Iron Ore Contracts with China
BHP accepted a 26% weighting for Beijing's COREX portside index in long-term Jimblebar fines contracts with state-backed China Mineral Resources Group, the first time a major global miner has conceded Chinese yuan benchmarks in a long-term supply agreement
Jack Brennan · Apr 26, 2026