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Increasing Countries Join "De-Dollarisation" amid Currency Settlement Diversification, Here are Their Various Policies, RMB Internationalisation is Accelerating_SMM

With the sound development of China's economy, the international status of RMB has become increasingly prominent. The process of RMB internationalisation has been accelerated. At the same time, because the Federal Reserve’s aggressive interest rate hikes, banking crises and economic recession risks continue to amplify the risk of US dollar credit overdrafts. Many countries have to accelerate measures to deal with the impact of US financial risk spillovers on other countries. More and more countries choose to join the team of "de-dollar", and now the international currency settlement is increasingly showing a trend of diversification. The diversification of currency settlement also provides impetus for the orderly advancement of RMB internationalisation. ....

Hong Kong , South Africa , United Arab Emirates , United States , Russian Federation , Pan Gongsheng , Jin Zhongxia , Elon Musk , Perry Vajiyo , Al Zeyoudi , Sergey Viktorovich Lavrov , Alexander Novak , Rt News Network On , Chicago Mercantile Exchange , Group Of Twenty , Central Bank , China Construction Bank , Oil Trade In Rupees , Ministry Of Foreign Affairs , International Settlements , Indian Ministry Of Foreign Affairs , Bank Indonesia , People Bank , Hong Kong Modern Service Industry Cooperation Zone , Indian Ministry Of Foreign Affair , International Department Of The People Bank ,

Davos 2023: UAE, India Hold Talks On Settling Non-Oil Trade In Rupees

The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. ....

United Arab Emirates , Al Zeyoudi , Oil Trade In Rupees , Foreign Trade Dr Thani Al Zeyoudi ,