The Chinese government has expanded the use of the yuan in international trade deals.

Originally China restricted the use of the yuan to just five cities, for trade with Southeast Asian nations.  Later it was expanded so 20 provinces could use the yuan in all their international payments.  Now, the People’s Bank of China gave permission to all businesses in China, to use the yuan for international trade payments.

Chinese officials say the decision was influenced by the crashing U.S. dollar.