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The rise of China s digital yuan, or e-CNY, poses a significant challenge to the dominance of the US dollar in global trade settlements, signaling a potential shift in the world s financial landscape. ....
Renminbi vs US dollar: It is no secret that China would like to convert the renminbi into an international currency and move away from the global dominance of the US dollar. While this is often interpreted as a geopolitical move, a way to insulate China from possible US-led economic sanctions in the future. ....