🔵 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
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Anonymous 2
Stealth • 6m
This shift has been a long time coming. China has been pushing for greater RMB use for years. Bilateral trade agreements with countries like Brazil and Argentina are just the beginning.
0 replies1 like
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➡️ 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
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