RSS SubscribeThe Start of De-Dollarization: China’s Gradual Move Away from the USD
By Julia Wendling – Visual Capitalist
Since 2010, the majority of China’s cross-border payments, like those of many countries, have been settled in U.S. dollars (USD). As of the first quarter of 2023, that’s no longer the case.
This graphic from the Hinrich Foundation provides visual context to the growing use of the Chinese renminbi (RMB) in payments both domestically and globally.
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