In March 2023, a small incident occurred in the internationalization of RMB. The renminbi’s share of China’s cross-border payments reached a record 48% for the first time. , while the dollar’s share fell to 47%. This is the first time that the renminbi surpassed the U.S. dollar and became the largest currency in China’s cross-border …
Continue reading Is the digital renminbi a killer tool to subvert the hegemony of the US dollar and SWIFT?