China expands de-dollarization push as global central banks use record amount of yuan

China expands de-dollarization push as global central banks use record amount of yuan

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Sutthipong Kongtrakool/ Getty Images The yuan's use in currency swaps surged to a record amount in the first quarter. That's as central banks want to move away from the dollar, and deal with domestic difficulties. China has actively been entering into non-dollar agreements to raise the yuan's…

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