Goodbye US Dollar: 8 Nations Opt For Chinese Yuan Amid De-Dollarization
The de-dollarization agenda is now gaining worldwide traction as the US dollar keeps displaying significant price volatility. The regular fluctuations encountered by the American currency are leading the world to explore capable alternatives to the US dollar, with a special focus shifting towards currencies such as the euro and Chinese yuan. This development is gaining momentum due to the fiery trade policies that US President Donald Trump has initiated in recent times. The rising trade war fears, coupled with the nations putting counter tariffs on the US, pushed investors to dump the US dollar, adopting alternatives like the yuan to perform cross-border transactions. Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit De-Dollarization Gains Steam: What’s Happening Source: Watcher Guru The financial market is now getting ready to embrace a new change. This change is marked with the rise of the multipolar currency world, where other currencies ...