In March 2023, the share of the RMB in China’s bilateral only settlements surpassed the USD for the first time.
As of March 2024, over half (52.9%) of Chinese payments were settled in RMB while 42.8% were settled in USD. This is double the share from five years previous.
final #decoupling from greenback. bilateral international p2p currency #swaps Russia is possibly ahead in USD decoupling n dependancy.
even RMB is debased by printing long run but electronic printing press can in thier control going forward.
captjack / captjack 🏴☠️✨💜
npub1te0…jgwp
2024-05-24 14:25:14
in reply to nevent1q…wdfg
Author Public Key
npub1te0uzs6vj29umjaxlqqct82j8q6ppyefrxq06dhr8d6pvwfatgkqjmjgwpPublished at
2024-05-24 14:25:14Event JSON
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