Russia’s second-largest bank’s chairman says there is every reason to expect the Chinese yuan to replace the U.S. dollar as the world’s main reserve currency.
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Argentina to Expand De-Dollarization Efforts; Seeks Extension of Yuan Based Swap Line With China
The government of Argentina is reportedly seeking to expand its de-dollarization agreement with China due to the lack of dollars that the country is facing.
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Putin Believes Decentralization Will Help Global Economy Be More Resilient
Russian President Vladimir Putin has stated that the decentralization of the finance system might benefit the global economy, allowing it to be more resilient in
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Russia and China Carry Out Most Settlements in Yuan and Ruble, Russian PM Mikhail Mishustin Says
The larger portion of payments between Russia and China are now processed using the currencies of the two countries, Prime Minister Mikhail Mishustin revealed. Moscow
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SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements
The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The
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Russia and Iran Phasing Out US Dollar in Bilateral Trade Settlements
The governments of Russia and Iran are starting to phase out the usage of the U.S. dollar to conduct bilateral trade settlements. Russian Deputy Prime
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