Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance

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In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of the U.S. dollar.…

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