Yuan Surpasses Euro in International Transactions: What the NBU Reported.

According to inkorr.com: Experts from the National Bank of Ukraine noted that countries with emerging markets are increasingly switching to national currencies for international financial transactions. The largest growth is observed in the use of the Chinese yuan.

According to the NBU, the share of the yuan in global payments rose to 3.6% in the first half of 2025, compared to 2.2% four years ago. This indicates a steady strengthening of the Chinese currency's position in international markets.

Trade Financing

The Chinese yuan ranks second in trade financing with a share of 6.3%, surpassing even the euro. However, the US dollar remains the undisputed leader with a share of 82.3%.

Other Currencies

In addition to the yuan, the Indian rupee and Saudi riyal are also showing growth in international transactions, but their shares have not yet exceeded 1%.

Reasons for the Increase in Yuan Usage

NBU experts believe that the increasing use of national currencies is driven by China's attempts to reduce dependence on the dollar, especially in the context of trade conflicts with the USA. Additionally, after 2022, many countries began to bypass sanctions, turning to the yuan.

A significant influence on the increase in yuan usage comes from its active application by countries that have found themselves under sanctions, particularly Russia. The share of the yuan in Chinese payments for Russian imports rose to 23% in 2022 from a previous 4%.

Development of International Lending

China is also actively developing international lending in yuan and expanding the network of clearing banks in various countries.

The trend towards the use of the Chinese yuan in international transactions indicates a desire among developing countries to diversify financial operations and reduce dependence on the US dollar. China’s active policy in this area contributes to the strengthening of its national currency’s position in global financial markets.