Geopolitical Economy Report
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China 'counters US dollar hegemony' with gold reserves, yuan currency swap deals
Posted
January 9, 2023
Views
103,085
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January 9, 2023
103,085
4,577
696
5.12%
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52:13Now PlayingChina 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.
Sources and more information here
Russia dropping US dollar for Chinese yuan and fast
IMF admits US dollar hegemony declining, due to rise of Chinese yuan, sanctions on Russia
How Argentina has been trapped in neocolonial debt for 200 yearsAn economic history
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