The Collapse of the American Empire, page-28

  1. 17,678 Posts.
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    China launched their digital currency last month? or the month before, so yea lots of trades with China will now need to be in yuan, which is only logical. usd still have its place as its easy to convert, its slowly getting replaced.

    FINANCE
    Russia says it will remove dollar assets from its wealth fund
    PUBLISHED THU, JUN 3 20217:03 AM EDTUPDATED THU, JUN 3 20219:12 AM EDT
    Sam Shead@SAM_L_SHEAD
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    KEY POINTS
    • Russia will completely remove U.S. dollar assets from its National Wealth Fund.
    • Timothy Ash, senior emerging markets sovereign strategist at BlueBay Asset Manager, described the decision to ditch U.S. dollar assets as “very political.”
    • The Biden administration imposed a raft of new sanctions against Moscow in April.

    https://www.cnbc.com/2021/06/03/russia-to-remove-dollar-assets-from-national-wealth-fund.html
 
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