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
SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
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.
