De-dollarization: China, the world’s largest exporter, now conducts more than half (53%) of its cross-border transactions in RMB/Yuan. 14 years ago, that number was virtually zero!
https://i.redd.it/ib49hr9d1l2d1.jpeg
by wakeup2019
De-dollarization: China, the world’s largest exporter, now conducts more than half (53%) of its cross-border transactions in RMB/Yuan. 14 years ago, that number was virtually zero!
https://i.redd.it/ib49hr9d1l2d1.jpeg
by wakeup2019
2 comments
Rule 2
https://www.reddit.com/r/economy/comments/1czm99r/dedollarization_is_happening_at_full_speed/
China has a LONG way to go to replace the dollar as a reserve currency. According to SWIFT the international messaging system that monitors world trade there were 45 Million transactions per monrh representing $5 Trillion per day.
The US accounts for 42% of those transactions, the EURO 37% and China 2.8%