this post was submitted on 30 Aug 2024
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BRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5%! (www.youtube.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 0 points 2 weeks ago (1 children)

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.

[โ€“] [email protected] 0 points 2 weeks ago

indeed, and this is a self reinforcing phenomenon as well