Sunnah Currency has encountered a significant amount of opposition, in particularly, by state-owned gold refineries in Muslim countries that refuse to mint the gold dinar and silver dirham coins, specifically the kind that were commissioned under the edict of Umar Farooq (RA), any coins with the inscription ‘Dinar or Dirham’ on them, or weights commissioned by […]
Argentina to pay for Chinese imports in yuan ditching the dollar
Introduction Explanation of the topic Brief background information Importance of the decision Purpose of the article Understanding the new payment system Explanation of the new payment system Benefits of using yuan instead of dollars Comparison of yuan and dollar Impact on Argentina’s economy Argentina and China’s trade relations Overview of trade relations between the two […]
The Yuan Just Passed The Dollar in China’s Cross-border Payments
China has been pushing for the internationalisation of its currency, the yuan, for years. Recently, a major milestone was reached as the yuan surpassed the US dollar in cross-border payments in China. This marks a significant moment in China’s efforts to reduce its dependence on the US dollar and establish the yuan as a global […]