24-06-2023, 05:09 PM
https://www.scmp.com/news/asia/article/3...ecord-high
In Argentina, US dollars are so scarce that yuan use is at record high
A dwindling US dollar supply is leading companies to embrace the yuan, highlighting Argentina’s dire financial state and China’s ambitions for its currency
The dollar’s supremacy in global trade is being chipped away by fragmentation, particularly in developing countries, caused by US-China rivalry
In Argentina, US dollars are so scarce that yuan use is at record high
A dwindling US dollar supply is leading companies to embrace the yuan, highlighting Argentina’s dire financial state and China’s ambitions for its currency
The dollar’s supremacy in global trade is being chipped away by fragmentation, particularly in developing countries, caused by US-China rivalry