Russia’s exclusion from SWIFT an opportunity for China to internationalise RMB https://ift.tt/alYpM3L tried to find ways to minimise the bite of sanctions. Russian businesses are using RMB to settle more of their trade. They are also borrowing more in the Chinese currency. Russia has got a currency in RMB that could allow it to settle its international payments without using dollars while China has got the opportunity to internationalise RMB at a faster pace.
Thursday, January 19, 2023
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