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World News@lemmy.mlEnglish · 5 months ago

Russia and China Now Settle 95% of Trade Without Dollars as De-Dollarization Completes

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Russia and China Now Settle 95% of Trade Without Dollars as De-Dollarization Completes

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World News@lemmy.mlEnglish · 5 months ago

Russia’s Deputy PM said 95% of Russia-China trade now settles in rubles and yuan, while the dollar’s share has fallen to just 5%.

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It’s an ongoing process that’s currently happening.

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