China ‘counters US dollar hegemony’ with gold reserves, yuan currency swap deals
Posted on June 5th, 2023

Geopolitical Economy Report

China is advancing the global movement toward de-dollarization. Beijing’s central bank is boosting its gold reserves while signing currency swap deals in yuan with countries like Argentina, encouraging the use of renminbi instead of US dollars.

Leave a Reply

You must be logged in to post a comment.

 

 


Copyright © 2024 LankaWeb.com. All Rights Reserved. Powered by Wordpress