{"version":"1.0","provider_name":"Mpelembe Network","provider_url":"https:\/\/mpelembe.net","author_name":"admin","author_url":"https:\/\/mpelembe.net\/index.php\/author\/admin\/","title":"Why the World Is Bypassing the Dollar - Mpelembe Network","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"VQwIU7TJZ4\"><a href=\"https:\/\/mpelembe.net\/index.php\/why-the-world-is-bypassing-the-dollar\/\">Why the World Is Bypassing the Dollar<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/mpelembe.net\/index.php\/why-the-world-is-bypassing-the-dollar\/embed\/#?secret=VQwIU7TJZ4\" width=\"600\" height=\"338\" title=\"&#8220;Why the World Is Bypassing the Dollar&#8221; &#8212; Mpelembe Network\" data-secret=\"VQwIU7TJZ4\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/mpelembe.net\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/mpelembe.net\/wp-content\/uploads\/2026\/08\/Chinas-Belt-and-Road-Initiative.png","thumbnail_width":1019,"thumbnail_height":560,"description":"The infrastructure of African trade is undergoing a structural renovation. In June 2026, the People\u2019s Bank of China (PBoC) authorized a landmark agreement for Standard Bank\u2014the continent's largest lender by assets\u2014to clear Renminbi (RMB) payments across 19 African nations.This isn't merely an expansion of services; it is the birth of the \"Renminbi Clearing Bank of Africa,\" the first such entity jointly operated by two commercial giants, Standard Bank and the Industrial and Commercial Bank of China (ICBC). For the first time, businesses across these 19 nations possess a \"direct gateway\" to China\u2019s onshore financial system. By settling eligible cross-border trades directly in yuan, firms can bypass the traditional necessity of routing payments through intermediary banks in New York or London.The commercial appetite for this alternative is undeniable. Within its first four months on the platform, Standard Bank processed approximately $500 million in RMB transactions. Richard de Roos, Head of Operations for Corporate and Investment Banking at Standard Bank, recently summarized the shift:\"This new service will provide our clients with transparent, efficient and cost-effective payment solutions between China and Africa, supporting trade and investment between the world\u2019s most dynamic economies.\"For firms importing industrial machinery and electronics from China\u2014which remains the leading source of production inputs for 67% of African businesses\u2014this removes the \"middleman\" conversion tax and mitigates the risk of dollar liquidity crunches."}