How far are we from the internationalization of Chinese yuan?

For more: Saudi Arabia is reportedly accelerating the talks with Beijing to price some of its oil sales to China in yuan. This move is believed likely to reduce the U.S. dollar’s dominance of the global oil market. How would switching to the yuan affect the Chinese currency’s international status and the global financial system? How may Western sanctions on Russia spur efforts to use the Chinese yuan? Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android):