17:41 - 2.02.2026

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February 2, Fineko/abc.az. Chinese President Xi Jinping announced his desire to internationalize the yuan, stressing the need to create a "powerful currency" for international trade, investments and foreign exchange markets.

ABC.AZ informs that for this, he said, it is important to strengthen the central bank, increase the competitiveness of financial institutions and attract global capital.

The statements were made amid the instability in global markets, a weakening dollar and geopolitical tensions, which prompts central banks to reduce their dependence on the U.S. currency.