☆ Yσɠƚԋσʂ ☆ to World NewsEnglish · 2 months agoBRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5%!www.youtube.comexternal-linkmessage-square3fedilinkarrow-up134arrow-down10cross-posted to: news@hexbear.networldnews@lemmy.ml
arrow-up134arrow-down1external-linkBRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5%!www.youtube.com☆ Yσɠƚԋσʂ ☆ to World NewsEnglish · 2 months agomessage-square3fedilinkcross-posted to: news@hexbear.networldnews@lemmy.ml
minus-squareKrasnaiaZvezdalinkfedilinkarrow-up18·2 months agoThe 2.5% in this case comes from all the international trade from Russia in 2023-2024, where 42% use Yuan to 39.5% the dollar. So not globally passing the dollar yet, but it’s nice that there are examples for others to see the new opportunities.
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up10arrow-down1·2 months agoindeed, and this is a self reinforcing phenomenon as well
The 2.5% in this case comes from all the international trade from Russia in 2023-2024, where 42% use Yuan to 39.5% the dollar.
So not globally passing the dollar yet, but it’s nice that there are examples for others to see the new opportunities.
indeed, and this is a self reinforcing phenomenon as well