China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst - Foreign Affairs

China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst (11011 Views)

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China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by FreeStuffsNG(op): 12:22am On Apr 10

China’s yuan settlements hit record, and the Iran conflict is looking like a catalyst

Single-day transactions via China’s Cross-border Interbank Payment System surge past 1 trillion yuan as Beijing’s moves to expand the yuan-payment network show signs of paying off

Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment system, analysts said, building on years of efforts to bolster financial infrastructure and expand its global network.

“The Middle East conflict may have acted as a catalyst,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, citing rising demand for yuan settlement, particularly in oil trade.

China’s Cross-border Interbank Payment System (CIPS) recently saw its single-day transaction value reach a record high of 1.22 trillion yuan (US$178.5 billion), with nearly 42,000 transactions processed, according to the state-owned Shanghai Securities News on Thursday.

The surge follows strong momentum in March, when the system’s average daily transaction value climbed to 920.45 billion yuan – the highest level in a year and a nearly 50 per cent rise from February’s 619.74 billion yuan. Average daily transaction volume also rose to 35,740, up sharply from 25,930 in February.

Ding added that the recent rise has also been supported by the yuan’s relative stability, China’s investment in cross-border payment infrastructure, and a growing number of CIPS participants.

[b]In the longer run, an expanding yuan-payment network will also support the [currency’s] adoption
[/b]Xu Tianchen, Economist Intelligence Unit

The yuan has been on a steady upwards trajectory in recent months; as of the noon session on Thursday, the offshore yuan was trading at around 6.834 against the US dollar. A lower yuan exchange-rate figure indicates a stronger Chinese currency, as it takes fewer yuan to purchase one dollar.

https://www.scmp.com/economy/global-economy/article/3349516/chinas-yuan-settlements-hit-record-and-iran-conflict-looking-catalyst

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by FreeStuffsNG(op): 12:22am On Apr 10*

China’s Cross-border Interbank Payment System (CIPS) recently saw its single-day transaction value reach a record high of 1.22 trillion yuan (US$178.5 billion), with nearly 42,000 transactions processed, according to the state-owned Shanghai Securities News on Thursday.
Game over for petrodollars. The storm is gatheting for the US stock market. The US stock market is going down! Era of speculative bubble in their overpriced share prices with too much money from gulf petrodollars is over!

Even the US AI and techie companies will be negatively affected.

JUST IN: OpenAI Freezes UK AI Data Center Plans Over Power Prices, Red Tape
By ZeroHedge - Apr 10, 2026, 1:00 PM CDT
OpenAI has paused Stargate UK — originally announced in September 2025 in partnership with Nvidia and Nscale — pointing to the UK's high industrial electricity prices and an unclear regulatory environment around AI copyright as the main obstacles.

PETROYUAN REALITY CHECK has started. No guarrantee of petrodollars to fund the UK AI investment by US tech.

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by FreeStuffsNG(op): 12:31am On Apr 10*

“The Middle East conflict may have acted as a catalyst,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, citing rising demand for yuan settlement, particularly in oil trade.

Oil trade transactions from middle east countries is now settled in yuan!

Iraq has technically been liberated from US that has been receiving Iraqi oil proceeds since after the Gulf war that sacked Saddam Hussein on the lie that Iraq had weapons of mass destruction.

It is over for Trump and almost over for the US dollars.

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by omoredia: 9:06am On Apr 10

All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Softmindz: 9:06am On Apr 10

This is getting interesting

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Sermwell(m): 9:06am On Apr 10

Nigeria is worse with Tinubu's cluelessness!

3 Likes 2 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by PulaPower: 9:07am On Apr 10

omoredia:
All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

And people will stop coming..

There are lots of countries that are much more secured than USA… USA, a country that anybody can just gun you down without reason, that one nah country?

Even, North Korea that they’re tagging their leaders dictators is more secured than USA.

Even Americans are leaving the USA..

Dey play..

76 Likes 6 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by allen113: 9:07am On Apr 10

I have nothing to contribute. Walks out of thread 🚶🚶🚶

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by BewareOf419: 9:07am On Apr 10

It can't beat dollar 💵 in the long run

11 Likes 1 Share

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Flangelo12: 9:08am On Apr 10

Li man Trump is a Chinese operative.

grin

29 Likes 2 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by omoredia: 9:08am On Apr 10

PulaPower:
And people will stop coming..

Even Americans are leaving the USA..

Dey play..

Hehe u wey dey pray for US visa since 1970. When cant u go to terrorists countries and see if ur behavior will be tolerated?

9 Likes 1 Share

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by NOETHNICITY(m): 9:09am On Apr 10

The US allowed Israel to push it into the wrongest war in its history. Things will never return to normal. And the US will not emerge stronger from this

34 Likes 6 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Hussein035: 9:09am On Apr 10

omoredia:
All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

That's very good so that we can stop going to a country where they kidnap a other country's president and support genocide and never want Africa to develop

40 Likes 6 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by 89green: 9:09am On Apr 10

I really pity US, this will remian one of their biggest loss in history after Vietnam and Afghanistan

The Strait of Hormuz remains under Iran's control

Iran's nuclear program still exists, and Iran is likely more motivated to develop weapons

The Iranian leadership may have changed, but there's no sign of changed policies

The conflict may have shattered trust with U.S. allies

US aims and objectives was to destroy the aforementioned points, which one was achieved? Only the last one grin

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by fwallex4truth(m): 9:10am On Apr 10

China is your time , enjoy the ride.

7 Likes 1 Share

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Emeskhalifa(m): 9:11am On Apr 10

PulaPower:
And people will stop coming..

There are lots of countries that are much more secured than USA… USA, a country that anybody can just gun you down without reason, that one nah country?

Even Americans are leaving the USA..

Dey play..

He doesn't know na. He is one of those who are so hooked on western propaganda

24 Likes 3 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Osiris12: 9:11am On Apr 10

PulaPower:
And people will stop coming..

There are lots of countries that are much more secured than USA… USA, a country that anybody can just gun you down without reason, that one nah country?

Even Americans are leaving the USA..

Dey play..

stroll go embassy of the country wey you claim their people dey japa comot

Try dey talk without sentiment. No be everything be propaganda

4 Likes

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by donmixc: 9:11am On Apr 10

even though i like and support Iran as my fellow brotherhood because they dealing with U S and Israel, China is an opportunist.

is time Muslim countries come together and deal with all enemy countries undecided

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by omoredia: 9:11am On Apr 10

Hussein035:
That's very good so that we can stop going to a country where they kidnap a other country's president and support genocide and never want Africa to develop

Yes go to the ones that sponsor terrorism in the name of IsIam

1 Like 1 Share

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by NOETHNICITY(m): 9:11am On Apr 10

omoredia:
All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

The US is already stopping people from, so that’s not new.

10 Likes 3 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by PulaPower: 9:13am On Apr 10

omoredia:
Hehe u wey dey pray for US visa since 1970. When cant u go to terrorists countries and see if ur behavior will be tolerated?

How can I be praying for USA visa when I’m living comfortably more than an average Americans?

You’re not sharp..

33 Likes 2 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by omoredia: 9:13am On Apr 10

NOETHNICITY:
The US is already stopping people from, so that’s not new.

They need to deport all nigerian terrorists supporters

3 Likes

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by LordLicifer(m): 9:15am On Apr 10

omoredia:
All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

I taya oo! But who and which countries are using China yuan? Dem no use Euro, pound or Japanese Yen na China money dem want use, if i wan buy something in Nigeeria as a tourist and i bring out China Yuan will anyone accept it?

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by piroskey94(m): 9:17am On Apr 10

How is everything from this guy and any that god1000 guy always making front page. Is there an agenda with one of the mods because the way they come here to spread propaganda unchecked is really worrisome. Unto what end?

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Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Edusouls(m): 9:19am On Apr 10

PulaPower:
And people will stop coming..

There are lots of countries that are much more secured than USA… USA, a country that anybody can just gun you down without reason, that one nah country?

Even, North Korea that they’re tagging their leaders dictators is more secured than USA.

Even Americans are leaving the USA..

Dey play..

dont mind these kids in naira land spewing rubbish

10 Likes 1 Share

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by ukfootwear: 9:19am On Apr 10

I think there’s nothing impossible, I heard through history that one pounds is equal to one naira . But then later we discovered that US dollar started rising and today is history, so same way yuan as started rising let’s see if it will continue or it will be cut short. Things would have been worse for Americans if they had not elected president Trump . Trust me , we have more to see and hear , believe me that the world economy is taking a shift and it will affect a lot of things

1 Like

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by LordLicifer(m): 9:19am On Apr 10

PulaPower:
How can I be praying for USA visa when I’m living comfortably more than an average Americans?

You’re not sharp..

That is what you said, how can we confirm your claim? grin

Just as i could also say that i am a poor Keke rider and i live in one room with my 10 children

1 Like

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by amaridigital(m): 9:22am On Apr 10

omoredia:
All US needs to do is to stop people from coming to the US if their govt uses the Yuan. That will settle it. If u want to trade in Yuan then japa to China

I pray that Trump will implement such policies against Canada, UK and the EU so that the US tourism receipts will take a terrible hit. Remember that over 40 countries including Singapore, Japan, Australia, South Korea, New Zealand, UK, EU, Taiwan, Qatar, Chile even Brunei and Israel doesn't need visa to the US because the Americans are making money from them as tourists. US visa is for people from poor countries.

11 Likes 2 Shares

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by Edusouls(m): 9:22am On Apr 10

Calamity trump president has succeeded in making America poor again, God gave America punishment for their various iniquities through trump, by the time he has finished dealing with USA in 4 years time Nigeria would even be better

6 Likes

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by AcadaWriter0: 9:24am On Apr 10

China's economy is booming! A great deal of investment is flowing in, boosting growth and creating opportunities for all. It’s a fantastic time to invest in China’s future.

1 Like

Re: China’s Yuan Settlements Hit Record, And The Iran Conflict Is The Catalyst by LordLicifer(m): 9:26am On Apr 10

PulaPower:
And people will stop coming..

There are lots of countries that are much more secured than USA… USA, a country that anybody can just gun you down without reason, that one nah country?

Even, North Korea that they’re tagging their leaders dictators is more secured than USA.

Even Americans are leaving the USA..

Dey play..

I agree that there are lots of countries more scure than America but Naigeeria is not one of them.

So because people might get killed in an accident just like that, we should all stop driving or stop flying because the plane might crash, sounds like a kid talking.

How many Americans are leaving the US? Please tell me and where exactly are they leaving to? How many black Americans are also among the ones leaving.

Stop telling lies. Amigo!

1 Like

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