China is urging 40 countries to use Chinese yuan instead of US dollars in trade!

China is urging 40 countries to use Chinese yuan instead of US dollars in trade!

China wants to rock the currency world, pushing to ditch the mighty US dollar. The red dragon is on the prowl, convincing over 40 countries to embrace the Chinese yuan for cross-border transactions! As the de-dollarization wave crashes in, the yuan surges ahead—a whopping 4.6% leap in 2024! Just imagine, back in 2019, it was a mere 2%—and now it’s more than doubled in just six years!

The People’s Bank of China hasn’t been slacking; they’ve inked colossal deals, spawning a currency swap juggernaut! We’re talking about agreements worth a staggering 4.16 trillion yuan ($586 billion) with developing nations lining up. With this, China isn’t just making waves; it’s creating a tsunami aimed at toppling the US dollar’s ​​global dominance! The background to these changes can be found in the watcher.guru article.

In this financial battlefield, China, Russia, and Iran—BRICS heavyweights—are executing their plot to severe ties with the US dollar. By forging groundbreaking trade pacts and flicking policy switcharoos, they’re leading the charge for national currency usage. The world is watching—more and more countries are jumping ship, betting on national currencies. America’s position is on shaky grounds, especially if the dollar returns home, potentially hiking inflation! It’s a game of high stakes, and everyone’s all in.