Tag: Yuan

What Does The Yuanization Of The Russian Economy Mean For The Dollar

What Does The Yuanization Of The Russian Economy Mean For The Dollar?

On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time (RBC, September 12). Putins remark was preceded by a statement from Russian Deputy Finance Minister Alexey Moiseev, who argued that “Russia no longer needs the

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