World News@lemmy.worldEnglish · 9 months ago

China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade

www.scmp.com

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China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade

www.scmp.com

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World News@lemmy.worldEnglish · 9 months ago

Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.

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9 months ago
You don’t. You get to pick your hegemony and you live or die with the consequences.

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