Saturday, 31 December 2022 — Multipolarista
Due to Western sanctions, Russia’s central bank is dropping the US dollar, will buy Chinese yuan on foreign exchange market. Yuan’s share of Moscow’s currency trading increased from 1% to 45% in 2022
(Se puede leer esta nota en español aquí.)
Russia has spent years trying to decrease its dependency on the US dollar. But especially since the escalation of the proxy war in Ukraine in 2022, Moscow has accelerated its drive toward de-dollarization.