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De-Dollarization Trend Accelerates as 13 Nations Adopt Chinese Yuan
De-Dollarization Trend Accelerates as 13 Nations Adopt Chinese Yuan
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The global de-dollarization movement gains momentum as thirteen major economies—including ASEAN nations, South Korea, China, and Japan—shift toward using the Chinese yuan for trade and reserves. This pivot challenges the US dollar’s dominance, triggering heightened volatility in forex markets.
China’s currency is witnessing unprecedented internationalization, with its new role in cross-border transactions reshaping global financial flows. The dollar’s weakening valuation reflects broader geopolitical realignments as nations seek alternatives to USD exposure.
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