Australian mining companies are increasingly facilitating China's efforts to internationalize the yuan and decrease the US dollar's global dominance. These firms are shifting towards using the yuan for financing and settlements, with some open to issuing yuan-denominated bonds in the future. Major players like Rio Tinto have already engaged in yuan-denominated iron ore contracts and settlements using blockchain technology. AI
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RANK_REASON The article discusses financial trends and company strategies related to currency internationalization, rather than a specific AI-related event.
