The Petroyuan Myth: War Failed To Shake The Dollar
The Petroyuan Myth: War Failed To Shake The Dollar Authored by Antonio Graceffo via The Epoch Times, Despite sanctions and two wars, the yuan is losing ground, with much of its earlier rise tied to Russia and now reversing. The Kremlin drafted a memo this year outlining seven areas of potential economic convergence with Washington, including a proposed return to dollar settlement for Russian energy transactions. The stated rationale in the memo is that dollar integration would s...
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