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SELF • 1y
🔵 China’s Currency Ascends As De-Dollarization Gathers Pace ➡️ As of March 2024, over half of China’s international payments were settled in renminbi (RMB), surpassing the U.S. dollar (USD) for the first time. This marks a significant milestone in China's gradual shift away from the USD. ➡️ The RMB’s prevalence in cross-border transactions has doubled since 2019, driven by increased foreign trade in RMB-denominated assets and bilateral trade agreements with countries like Brazil and Argentina. ➡️ While the USD remains the dominant global currency for foreign exchange transactions at 88.5% in 2022, the RMB has shown the most growth over the past decade, rising from 2.2% to 7%.
Hey I am on Medial • 1y
Merchandise imports for the period April-December 2023 were USD 505.15 Billion as against USD 548.64 Billion during April-December 2022. The merchandise trade deficit for April-December 2023 was estimated at USD 188.02 Billion as against USD 212.34 B
See MoreInvestor and trader • 1y
Hello everyone , we are creating a platform where people can invest and trade in cryptocurrency. As in India all foreign exchange are banned. And only few indian exchanges are working. Our idea is to create a Indian platform for indian people where t
See MoreFounder - Burn Inves... • 8m
As I mentioned earlier, Foreign Institutional Investors (FIIs) are significantly withdrawing their money from the Indian market. Many factors are working together, such as China’s economy, the US election, poor results from Indian companies, and the
See MoreEx Co.Founder and Ex... • 11m
GAMETOSA GOLD (GG) is India's first dedicated gaming currency, crafted to revolutionize the gaming experience by providing a seamless, secure, and versatile virtual currency. Launched by Gametosa, GG is designed to unify and simplify transactions acr
See MoreInvestor and trader • 1y
We are working on an Idea that involves around cryptocurrency in which we can use use our own crypto as payment on our daily day to day transactions. Here in which we also can trade and invest our money in the most advanced and realest technology. So
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