The question is no longer if the U.S. dollar's privileged position will end, but if it happens through careful preparation or catastrophic crisis. The post De-Dollarization Is Inevitable. The World ...

Turkey and China have extended their currency swap agreement to promote trade in local currencies and reduce reliance on the ...

Turkey and China have renewed a currency swap agreement, allowing their central banks to exchange as much as 189 billion liras ($4.8 billion) or 35 billion yuan over the next three years.