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Cryptopolitan 2023-04-25 18:40:06

Russia and China increase trade settlements in local currencies, reducing US Dollar reliance

Russia’s Finance Minister, Anton Siluanov, has revealed that more than 70% of trade between China and Russia is now settled in their respective local currencies. This substantial shift comes as both nations seek alternatives to the US dollar for international trade. Just a year ago, only 30% of trade between the two countries was conducted … Russia and China increase trade settlements in local currencies, reducing US Dollar reliance Read More »

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