China Is trumping Russia in currency tug-of-war

China Is trumping Russia in currency tug-of-war

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African countries are turning away from the Russian currency, the ruble, to pay for goods they import from Russia, with the Chinese currency instead taking precedence. The Russian business newspaper RBC reported a sharp dip over the past year in the use of the ruble among African countries buying…

#african #russian #rbc #africa #ukraine #moscow #chrisweafer #macroadvisoryltd #reservebankofindia #unitedarabemirates

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