Blog: Chinese yuan's share in global payments hits record in March

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1 comment(s). Last comment by ks55 2020-04-30 15:23

ks55

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Posted by ks55 > 2020-04-30 15:23 | Report Abuse

Slowly slowly China is going to phase out US$ as medium of trade settlement.
Buy from China? You pay in RMB.
No RMB? Bring Euro and Yen also can.
US$ is no more acceptable.

Want to sell anything to China?
Give you a choice. Receive payment in RMB or US$. Up to you.

China is making preparation to do away with US$.
China is selling US T-bills and bonds.
US$ is fast becoming Banana Currency........

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