Russia and China bilateral trade moving to the Yuan, gradually replacing the US dollar

Saturday, February 26th 2022 - 09:54 UTC

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The Ukraine war which has impacted on Russian markets and particularly the plunge of the ruble, should not be a major cause of concern for China-Russia bilateral trade since a growing percentage of business is done with the Chinese currency Yuan, as the two countries move towards de-dollarization, according to financial circles in Beijing. Read full article

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Marti Llazo
One has to wonder why they don't use the Argentine currency, criminally over-valued at a phony “official rate” but in the real world one of the most rapidly devalued.
Feb 26th, 2022 - 12:30 pm - Link - Report abuse 0
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