Reading time: 5 minutes
06/25/2023 17:45 Updated: 06/25/2023 17:45
The Global South is decoupling from the dollar. The use of the yuan in world trade increased by 20 percent in just one month. There are very different reasons for this.
Dear readers, this post is for DWN subscribers.
Xi Jinping, President of China. In trade with the Global South, the yuan is increasingly replacing the dollar. (Photo: dpa)
Photo: Christophe Soeder
The article is available only to subscribers
“Award-winning music trailblazer. Gamer. Lifelong alcohol enthusiast. Thinker. Passionate analyst.”
More Stories
Insolvency proceedings in the UK have ended: Boris Becker is officially debt-free
Soldier of the Year: Prince Harry honors US soldier Elizabeth Marks
Moderators don't recognize Liz Truss