dedollarization
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Currencies
Russia, China boycott dollar, using national currencies for over 90% of mutual payments – Firstpost
Russia and its ally China have “almost completely” ditched the US dollar to settle bilateral trade. Instead, they are using…
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Commodities
China Buys Gold for 16 Months in a Row
China has added to its gold coffers for 16 months in a row, Bloomberg data shows. Gold hit new record…
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Currencies
Yuan Tops Dollar As Most Traded Currency in Russia
China’s yuan became the most traded foreign currency on the Moscow Exchange last year. The yuan accounted for 42% of…
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