Use of Chinese yuan in global trade slowly increasing

The U.S. dollar has typically been the currency of prime erstwhile antithetic nations privation to commercialized with each other. But immoderate are turning to the Chinese yuan. Last month, Argentina's authorities said it would wage for Chinese imports utilizing the yuan owed to a shortage of dollars. Brazil followed suit, announcing it volition let companies to commercialized successful yuan. Carla Mozée, a elder markets newsman for Insider, has much connected the currency shift. CBS News Streaming Network is the premier 24/7 anchored streaming quality work from CBS News and Stations, disposable escaped to everyone with entree to the Internet. The CBS News Streaming Network is your destination for breaking news, unrecorded events and archetypal reporting locally, nationally and astir the globe. Launched successful November 2014 arsenic CBSN, the CBS News Streaming Network is disposable unrecorded successful 91 countries and connected 30 integer platforms and apps, arsenic good arsenic connected CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://cbsn.ws/1PlLpZ7c Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News connected Instagram: https://www.instagram.com/cbsnews/ Like CBS News connected Facebook: https://facebook.com/cbsnews Follow CBS News connected Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com