The Start Of De-Dollarization: China’s Move Away From The USD

May 26, 2024

Recent findings from the Hinrich Foundation indicate that China's shift away from the USD signifies the commencement of de-dollarization. Furthermore, data reveals that the percentage of settlements conducted in RMB has now exceeded those in USD.

Like many other nations, China has settled the majority of its cross-border payments in US dollars (USD) since 2010. It isn't the case anymore as of the first quarter of 2023.

The Chinese renminbi (RMB) is becoming more and more popular as ...

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The Start Of De-Dollarization: China’s Move Away From The USD

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The Start Of De-Dollarization: China’s Move Away From The USD

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