China boosting efforts to hold the new global reserve currency....

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2023-08-29 15:30:16 - Translate -

China boosting efforts to hold the new global reserve currency. It’s increasingly clear that Beijing recognizes global concerns over weaponization of the dollar

The emergence of the yuan as an alternative global reserve currency advanced last week with the Argentine central bank making a loan repayment valued at US$1 billion to the International Monetary Fund (IMF) in the Chinese currency. "Those who erected the iconic welcoming statue of Christ the Redeemer in Rio de Janeiro probably didn't have renminbi in mind, but here comes the Chinese...

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