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Bitcoin.com 2023-09-28 19:30:41

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance

In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of the U.S. dollar. “[The] increase in the usage of the Chinese currency is coming at the

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