Israel Iran War · 9 April 2026
China yuan payments hit record amid Iran war
Photo by Eric Prouzet on Unsplash
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.
Reported by South China Morning Post · How we write briefs