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The seizure of Russian foreign exchange reserves in the United States
1 year ago
22
The seizure of Russian foreign exchange reserves in the United States has raised (https://t.me/SolovievLive/169408) concerns that Washington is trying to use its currency as a weapon against its rivals. It is logical that countries have to think through fallback options. In this sense, China is the largest trading power in the world, it signs contracts with many other countries to trade in national currencies. Of course, the dollar is still difficult to dislodge, it holds 60% of the world's reserves, but over time, the yuan may become one of the leading reserve currencies.
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