China 'counters US dollar hegemony' with gold reserves, yuan currency swap deals
January 9, 2023
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52:13Now PlayingChina 'counters US dollar hegemony' with gold reserves, yuan currency swap deals
YouTube Description
as posted by the channelChina 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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