De-dollarization accelerates as China's RMB soars past Euro, Yen; China builds new financial system
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De-dollarization accelerates as China's RMB soars past Euro, Yen; China builds new financial system
Worldwide adoption of China's currency, the renminbi (RMB), is gaining steam as the de-dollarization push takes hold across the non-G7 countries. Two macro factors are accelerating the growth of the RMB in place of the US dollar as the preferred currency for trading and settlements. The economic sanctions against Russia, which froze and then ...
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