Dossier
CIPS
Coverage of CIPS in the Nexus archive.
- Angola Embraces China’s Yuan in Banking Reserve and Payment Shift
Angola’s central bank added China’s yuan to its reserve currencies in July 2026, and major lenders BFA and BAI are preparing to join China’s CIPS cross-border payment system. Chinese loan commitments to Angola exceed $42 billion, representing 40% of its external debt.