The dollar weakens in Africa against the yuan, driven by surging trade with China

According to Sputnik Africa, trade between China and Africa reached a record high of 348 billion de dollars in 2025, up 17.7% year-on-year. South Africa's Standard Bank has been integrated into China's CIPS cross-border payment system, already handling nearly 500 million de dollars in four months. Furthermore, Beijing has granted tariff exemptions to 53 African countries. According to the article, these developments accompany a gradual decline in the weight of the dollar in the continent's trade in favor of the yuan.