The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This ...
Developing nations are reconsidering their reliance on the USD for trade settlement and as a reserve asset due to sanctions and the perceived weaponization of SWIFT. The devaluation of currencies in ...
The People's Bank of China (PBC), the central bank, will support qualified banks from different jurisdictions in participating in the Cross-Border Interbank Payment System (CIPS) for the Chinese yuan, ...
China's Cross-Border Interbank Payment System (CIPS) signed direct participant agreements with six foreign institutions in Shanghai on Wednesday, marking the first time that the system's overseas ...
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