Commentary “We will cultivate a trading center and pricing mechanism that puts China first (以我为主) and actively promote settlement in local currency.” excerpt from the Chinese Communist Party’s (CCP’s) 14th five-year plan for 2021–25. The CCP’s yuan liquidity pool with the Bank for International Settlement is not just a challenge to the dollar, it’s also one…
CCP Partners With Bank for International Settlements to Displace the Dollar
US News
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