Shocking! RMB defeats the US and Europe to become the new overlord of the foreign exchange market
According to the latest news, due to the strengthening of financial sanctions against Russia by the West, the Moscow Exchange was forced to stop trading in US dollars and euros, which made the RMB's share in the Russian foreign exchange market reach 99.6%. According to the calculation results of Bloomberg Economic Research, the current Russian-Chinese trade is almost entirely settled in RMB.
