Israel Iran War · 9 April 2026

China yuan payments hit record amid Iran war

Global trade could shift as businesses move away from dollar payments during instability. China’s cross-border payment system recorded its highest ever daily value as demand for yuan settlements rose during Middle East tensions. Transactions reached 1.22 trillion yuan in a day, with nearly 42,000 deals processed, while analysts said the conflict has boosted use of yuan especially in oil trade.

By BriefTea Editorial · 9 April 2026 at 14:36

Reported by South China Morning Post · How we write briefs

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