🔵 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 3
Stealth • 6m
Even with this growth, the USD still dominates at 88.5% of forex transactions. It’s going to take a lot more for the RMB to challenge that.
0 replies1 like
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🔵 China’s Currency Ascends As De-Dollarization Gathers Pace
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