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News Forum - China increasingly uses yuan for trade with Russia, sidelining the dollar

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Thaiger Rising Star

Thaiger

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China has significantly raised its use of the yuan for purchasing Russian commodities in the past year, with almost all its procurement of oil, coal, and some metals from the neighbouring country now settled in the Chinese currency instead of US dollars, multiple trading executives with direct knowledge of the situation have revealed. The shift …

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Vigo Grand Master

Vigo

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So what?   This doesn't impact the USD.  The exchanges are  electronic and  eventually are offset.better for USA  since the  currency integrity is preserved.

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